Updated Oct 29, 2024
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
Phoenix MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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