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10002 North 7th Street, Pho...

Updated Oct 29, 2024

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

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

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

$77,250,000

Units

336

Asset Type

MultiFamily

Closing

Nov 14, 2022

About this deal

AI

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.

Players

Knightvest Capital
Knightvest CapitalLandlord

Phoenix MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $229.9K per unit across 336 units on a published $77.3M (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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