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
Mesa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
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