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
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