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2106 East Apache Boulevard,...

Silver Creek Development Secures $57.9M Construction Financing For Multifamily Property In Tempe, AZ
FINANCEDMultiFamily

Silver Creek Development Secures $57.9M Construction Financing For Multifamily Property In Tempe, AZ

2106 East Apache Boulevard, Tempe, Arizona 85281, United States

$57,900,000

Building Size

Asset Type

MultiFamily

Closing

Sep 14, 2022

AI

The multifamily property located at 2106 E Apache Blvd in Tempe, AZ has been involved in a recent loan transaction. The loan was obtained for the purpose of construction financing.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $57,900,000
  • Units: 187
  • Address: 2106 E Apache Blvd, Tempe, AZ
  • Market: Tempe, AZ

The loan for this property was secured by Silver Creek Development, the landlord of the multifamily asset. The loan was facilitated by Antonio Hachem, Wendy Wang, Cornelius Baliukonis, and John Choi of George Smith Partners.

Players

Antonio Hachem

Slatt Capital

Broker

$233M

vol

7 deals

Broker
George Smith Partners
George Smith PartnersBrokerage

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

0.27%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93