Updated Feb 16, 2024
KeyBank Provides $17M Acquisition Loan For Multifamily Property In Glendale, AZ
13610 North 51st Avenue, Glendale, Arizona 85304, United States
$17,030,000
Units
135
Asset Type
MultiFamily
Closing
Oct 4, 2022
About this deal
AI
The multifamily property located at 13610 North 51st Ave in Glendale, AZ has recently been involved in a loan transaction. On October 5, 2022, a loan was acquired for this property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,030,000
- Units: 135
- Market: Glendale, AZ
keybank-''>KeyBank provided the loan for this acquisition. Robert LaFrance is the landlord of the property. The brokers handling this transaction were Marcus & Millichap.
The multifamily loan at 13610 North 51st Avenue, Glendale, Arizona 85304, United States in Glendale, Arizona financed for $17M in 2022. Reported inventory is 135 units across 135 units. This page is the Glendale, Arizona file for the 13610 North 51st Avenue, Glendale, Arizona 85304, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Glendale sit in the Market section below. Filter that Glendale multifamily set by closing date to see what else financed near 13610 North 51st Avenue, Glendale, Arizona 85304, United States around 2022. Published consideration for 13610 North 51st Avenue, Glendale, Arizona 85304, United States is $17M, dated 2022. Cite this KeyBank Provides $17M Acquisition Loan For Multifamily Property In Glendale, AZ loan when underwriting similar multifamily product around Glendale, Arizona.
On the Map
$17,030,000
MultiFamily
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Players
Glendale 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93