Bradley Buzil Facilitates $4.3M Refinance Loan For Multifamily Property In Phoenix
1503 West Missouri Avenue Phoenix, Arizona 85015, USA
$4,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 9, 2023
AI
The multifamily property located at 1503 West Missouri Avenue in Phoenix, AZ has been refinanced. The property consists of 26 units and was assessed at a loan amount of $4,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,300,000
- Units: 26
- Address: 1503 West Missouri Avenue, Phoenix, AZ
- Market: Phoenix, AZ
The refinance deal was facilitated by Bradley Buzil from Marcus & Millichap Capital Corporation. Buzil represented the buyer in the transaction and helped in securing the loan for the property.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93