Updated Oct 29, 2024
JPMorgan Chase Provides $110.4M Acquisition Loan For Multifamily Property In Tempe
1028 East Orange Street Tempe, Arizona 85281, USA
$110,400,000
Units
826
Asset Type
MultiFamily
Closing
May 22, 2023
About this deal
AI
The multifamily property located at 1028 East Orange Street in Tempe, AZ has been involved in a recent transaction. The property consists of 826 units and was acquired by University Partners.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $110,400,000
The lender for this transaction was JPMorgan Chase. They provided a loan amount of $110,400,000 for the acquisition of the property.
The multifamily loan at 1028 East Orange Street Tempe, Arizona 85281, USA in Tempe, Arizona financed for $110.4M in 2023. Reported inventory is 826 units across 826 units. This page is the Tempe, Arizona file for the 1028 East Orange Street Tempe, Arizona 85281, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Tempe sit in the Market section below. Filter that Tempe multifamily set by closing date to see what else financed near 1028 East Orange Street Tempe, Arizona 85281, USA around 2023. Published consideration for 1028 East Orange Street Tempe, Arizona 85281, USA is $110.4M, dated 2023. Cite this JPMorgan Chase Provides $110.4M Acquisition Loan For Multifamily Property In Tempe loan when underwriting similar multifamily product around Tempe, Arizona.
Players
Tempe 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93