Updated Sep 9, 2024
Meridian Capital Group Secures $12.1M Refinance Loan For Phoenix Multifamily
2020 North 32nd Street, Phoenix, Arizona 85008, United States
$12,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 26, 2022
About this deal
AI
The multifamily property located at 2020 N 32nd Street & 6615 N 17th Street in Phoenix, AZ has undergone a loan refinance. The transaction was handled by Simon Rosenfeld from Meridian Capital Group. The loan amount for this refinance was $12,100,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $12,100,000
- Address: 2020 N 32nd Street & 6615 N 17th Street, Phoenix, AZ
- Market: Phoenix, AZ
Simon Rosenfeld, representing Meridian Capital Group, facilitated this loan refinance deal for the multifamily property.
Phoenix 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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93