Forethought Life Insurance Co Provides $65.05M Acquisition Loan For Multifamily Property At 2222 South Dobson Road, Chandler, AZ
2222 South Dobson Road, Chandler, Arizona 85286, United States
$65,050,000
Units
258
Asset Type
MultiFamily
Closing
Sep 21, 2022
AI
The property involved in this transaction is a multifamily asset located at 2222 South Dobson Road in Chandler, AZ. The property consists of 258 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $65,050,000
- Address: 2222 South Dobson Road
- Market: Chandler, AZ
- Units: 258
The lender for this acquisition loan is Forethought Life Insurance Co. The landlord is Sares Regis Multifamily Funds, and the broker representing the deal is ABI Multifamily.
Players
Chandler 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93