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

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FINANCED
$85,100,000

Arizona

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MultiFamily
Financed 03/01/2023
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Property Image
FINANCED

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

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

See Similar Deals
MultiFamily
Financed 03/01/2023
Contact now

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan

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
5 deals$480.1M volume
BROKER

Tyler Woodard
NorthMarq
6 deals$512.9M volume
BROKER

Details

FINANCED
IMAGE: Brandon Harrington & Tyler Woodard DATE: 01/03/2023 ADDRESS: 10635 East Hampton Avenue MARKET: Mesa, AZ ASSET TYPE: Multifamily ~ UNITS: 345 LANDLORD: Talos Holdings BROKERS: Brandon Harrington & Tyler Woodard - Northmarq LOAN AMOUNT: $85,100,000 LOAN TYPE: Construction financing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$85,100,000.00

Monthly NOI$567,333.33
Monthly Debt Service$537,889.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00