Nationwide Mutual Insurance Co Provides $34.15M Loan For 147-Unit Multifamily Property In Fountain Hills, AZ
16550 East Avenue of the Fountains, Fountain Hills, AZ
$34,150,000
Units
147
Asset Type
MultiFamily
Closing
Mar 7, 2023
AI
The property involved in this closed transaction is a multifamily asset located at 16550 East Avenue of the Fountains in Fountain Hills, AZ. The property consists of 147 units. The transaction was financed by Nationwide Mutual Insurance Co with a loan amount of $34,150,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,150,000
- Units: 147
- Lender: Nationwide Mutual Insurance Co
- Address: 16550 East Avenue of the Fountains
- Market: Fountain Hills, AZ
Nationwide Mutual Insurance Co provided the loan for this transaction. They serve as the lender in this deal. No additional details about the individuals or companies involved in this transaction are provided in the CONTEXT.
Players
Fountain Hills 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93