facebook

traded

+ Submit
Home

/

Deals

/

Arizona

/

Multifamily

/

Loan

/

1811 East Apache Boulevard,...

M&T Realty Capital Corp Provides $82.5M Acquisition Loan For Multifamily Property In Tempe, AZ
FINANCEDMultiFamily

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

 M&T Realty Capital Corporation
M&T Realty Capital CorporationBrokerage
M&T Bank
M&T BankLender
American Landmark Apartments
American Landmark ApartmentsLandlord

Tempe MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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