KeyBank Provides $31.1M Acquisition Loan For Multifamily Property In Phoenix, AZ
FINANCED
$31,100,000
Arizona
See Similar DealsMultiFamily
Financed 09/11/2022
FINANCED
KeyBank Provides $31.1M Acquisition Loan For Multifamily Property In Phoenix, AZ
15449 North 25th Avenue, Phoenix, Arizona 85023, United States
See Similar DealsMultiFamily
Financed 09/11/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 15449 North 25th Avenue in Phoenix, AZ has recently undergone a loan transaction. The loan, facilitated by KeyBank, was for the acquisition of the property by Laguna Point Properties. The loan amount for this transaction was $31,100,000. The property consists of 200 units, making it a significant multifamily asset in the Phoenix market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $31,100,000
- Units: 200
- Lender: KeyBank
- Landlord: Laguna Point Properties
- Market: Phoenix, AZ
This transaction highlights the collaboration between KeyBank as the lender and Laguna Point Properties as the landlord. The acquisition of the 200-unit multifamily property reflects the confidence in the Phoenix, AZ market, emphasizing its potential for growth and investment opportunities.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,100,000.00
Monthly NOI$207,333.33
Monthly Debt Service$196,573.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions