Churchill Real Estate Provides $51.5M Construction Loan For Mesa Multifamily Property
FINANCED
$51,500,000
+ 1
Arizona
See Similar DealsMultiFamily311,515 SF
Financed 03/31/2022
FINANCED
Churchill Real Estate Provides $51.5M Construction Loan For Mesa Multifamily Property
1760 South Crismon Road, Mesa, Arizona 85209, United States
See Similar DealsMultiFamily311,515 SF
Financed 03/31/2022
+ 1
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$165
Total Square Footage:311,515 SF
Transaction Type:Loan
The multifamily property located at 1760 S Crismon Road in Mesa, AZ has been involved in a recent loan transaction. The property consists of 240 units with a total square footage of 311,515. The loan amount for this transaction is $51,500,000, and it is classified as a construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $51,500,000
- Units: 240
- Square Footage: 311,515
- Address: 1760 S Crismon Road, Mesa, AZ
- Market: Mesa, AZ
The loan for this transaction was provided by Churchill Real Estate, represented by Sean Robertson and Jeff Rosenfeld. The brokers involved in the deal were Jake Lapidot and Michael Horowitz from Cooper-Horowitz.
Players
LENDER
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
Contact
Get in touch with the broker you want
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
$51,500,000.00
Monthly NOI$343,333.33
Monthly Debt Service$325,515.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions