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The Geneva Group Secures $21.962M Acquisition Loan In Tucker, GA

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FINANCED
$21,962,000

Georgia

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MultiFamily
Financed 02/29/2024
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Property Image
FINANCED

The Geneva Group Secures $21.962M Acquisition Loan In Tucker, GA

3797 Lavista Road

See Similar Deals
MultiFamily
Financed 02/29/2024
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 3797 Lavista Road in Tucker, GA consists of 240 units. The asset was acquired with a $21,962,000 loan from PGIM for the purchase. The loan, facilitated for the acquisition, has a 7-year fixed rate term and features interest-only payments.

Summary of transaction details:

Jarred Elmar played a key role in the transaction, representing The Geneva Group as the landlord's representative in this deal.

Players

Eric Trombly
Black Bear Capital Partners
Eric Trombly
27 deals$617.2M volume
BROKER
PGIM
PGIM
LENDER

Details

FINANCED
IMAGE: Jarred Elmar & Eric Trombly DATE: 02/29/2024 ADDRESS: 3797 Lavista Road MARKET: Tucker, GA ASSET TYPE: Multifamily ~ UNITS: 240 LENDER: PGIM (@PGIM) LANDLORD: The Geneva Group BROKER: Eric Trombly (@Trombly17) - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $21,962,000 LOAN TYPE: Acquisition LOAN TERMS: The multifamily property, spanning 240 units, was acquired via a 7-year fixed rate loan and includes interest-only payments.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$21,962,000.00

Monthly NOI$146,413.33
Monthly Debt Service$138,814.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00