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North Central Park, 145 Nor...

Northwind Group Provides $56M Loan For Multifamily Property On Central Park North
FINANCEDMultiFamily

Northwind Group Provides $56M Loan For Multifamily Property On Central Park North

North Central Park, 145 North Central Avenue, North Ashland, Phoenix, AZ, USA

$56,000,000

$10,467/SF

Building Size

5,350 SF

Asset Type

MultiFamily

Closing

Feb 25, 2021

AI

The multifamily property located at 145 Central Park North in Central Park North has undergone a recent transaction. The loan for this property was provided by Northwind Group, with a total amount of $56,000,000. The property consists of 37 units and is owned by Grid Group. Tal Bar-Or from Lantern Real Estate served as the broker representative in this deal.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $56,000,000
  • Address: 145 Central Park North
  • Market: Central Park North
  • Units: 37

Key individuals and companies involved in this transaction include Yiannes Einhorn, Christopher Leichtweis, Tal Bar-Or, and Hal Einhorn. They played roles related to the property and loan involved in the deal.

Players

Tal Bar-or

Lantern Real Estate

Broker

$719M

vol

10 deals

Broker
Northwind Group
Northwind GroupLender

Phoenix 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

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93