Updated Oct 29, 2024
Talos Holdings Secures $85.1M Construction Financing For Mesa Multifamily Property
10635 East Hampton Avenue, Mesa, Arizona 85209, United States
$85,100,000
Units
345
Asset Type
MultiFamily
Closing
Mar 1, 2023
About this deal
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.
On the Map
$85,100,000
MultiFamily
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Players
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