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Knightvest Capital Acquires Multifamily Property In Phoenix, AZ With $77.25M Loan From LoanCore Capital

Property Image
FINANCED
$77,250,000

Arizona

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MultiFamily
Financed 11/14/2022
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Property Image
FINANCED

Knightvest Capital Acquires Multifamily Property In Phoenix, AZ With $77.25M Loan From LoanCore Capital

10002 North 7th Street, Phoenix, Arizona 85020, United States

See Similar Deals
MultiFamily
Financed 11/14/2022

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 10002 North 7th Street in Phoenix, AZ. The property consists of 336 units. The transaction took place on November 14, 2022, and was an acquisition. The loan for this transaction was provided by LoanCore Capital, with a loan amount of $77,250,000. The landlord of the property is Knightvest Capital.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $77,250,000
  • Address: 10002 North 7th Street, Phoenix, AZ
  • Units: 336
  • Lender: LoanCore Capital
  • Landlord: Knightvest Capital

The deal was facilitated by LoanCore Capital, representing the lender in the transaction. Knightvest Capital, as the landlord, played a key role in the acquisition of the multifamily property. No additional information is available about the individuals involved in the deal.

Details

FINANCED
IMAGE: 11/14/2022 ADDRESS: 10002 North 7th Street MARKET: Phoenix, AZ ASSET TYPE: Multifamily ~ UNITS: 336 LENDER: LoanCore Capital LANDLORD: Knightvest Capital LOAN AMOUNT: $77,250,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$77,250,000.00

Monthly NOI$515,000.00
Monthly Debt Service$488,272.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00