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10635 East Hampton Avenue, ...

Talos Holdings Secures $85.1M Construction Financing For Mesa Multifamily Property
FINANCEDMultiFamily

Talos Holdings Secures $85.1M Construction Financing For Mesa Multifamily Property

10635 East Hampton Avenue, Mesa, Arizona 85209, United States

$85,100,000

Building Size

Asset Type

MultiFamily

Closing

Mar 1, 2023

AI

The multifamily property located at 10635 East Hampton Avenue in Mesa, AZ has recently undergone a closed transaction involving a construction financing loan. The property consists of 345 units and is owned by Talos Holdings.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $85,100,000
  • Loan Type: Construction financing

The deal was facilitated by brokers Brandon Harrington and Tyler Woodard from Northmarq. They played a key role in securing the construction financing loan for the property. Their expertise and negotiation skills were instrumental in the successful completion of this transaction.

Players

Brandon Harrington

NorthMarq

Broker

$480.1M

vol

5 deals

Broker

Mesa 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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93