Updated Dec 20, 2023
Tower Capital Arranges $185.7M Loan For Multifamily Portfolio In Atlanta And Phoenix
9340 East Redfield Road, Scottsdale, Arizona 85260, United States
$185,700,000
Units
572
Asset Type
MultiFamily
Closing
Oct 16, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 174 Moury Ave, 9340 E Redfield Rd, and 40 E Sunland Ave. The property consists of 572 units and is situated in Atlanta, GA, as well as Scottsdale and Phoenix, AZ.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $185,700,000
- Market: Atlanta, GA; Scottsdale & Phoenix, AZ
- Units: 572
- Brokers: Tower Capital
Tower Capital represented the parties involved in this transaction.
The multifamily loan at 9340 East Redfield Road, Scottsdale, Arizona 85260, United States in Scottsdale, Arizona financed for $185.7M in 2022. Reported inventory is 572 units across 572 units. This page is the Scottsdale, Arizona file for the 9340 East Redfield Road, Scottsdale, Arizona 85260, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Scottsdale sit in the Market section below. Filter that Scottsdale multifamily set by closing date to see what else financed near 9340 East Redfield Road, Scottsdale, Arizona 85260, United States around 2022. Published consideration for 9340 East Redfield Road, Scottsdale, Arizona 85260, United States is $185.7M, dated 2022. Cite this Tower Capital Arranges $185.7M Loan For Multifamily Portfolio In Atlanta And Phoenix loan when underwriting similar multifamily product around Scottsdale, Arizona.
Players
Scottsdale 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
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93