M&T Realty Capital Corp Provides $82.5M Acquisition Loan For Multifamily Property In Tempe, AZ
1811 East Apache Boulevard, Tempe, Arizona 85281, United States
$82,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 16, 2022
AI
Located at 1811 East Apache Blvd in Tempe, AZ, this multifamily property consists of 408 units. The property, owned by American Landmark Apartments, was recently involved in a loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $82,500,000
- Lender: M&T Realty Capital Corp
- Landlord: American Landmark Apartments
- Loan Type: Acquisition
M&T Realty Capital Corp served as the lender for this acquisition. The loan amount of $82,500,000 was obtained by American Landmark Apartments to facilitate the purchase of this multifamily property located in Tempe, AZ.
Players
Tempe 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93