Updated Oct 28, 2024
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
About this deal
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.
The multifamily loan at 2222 South Dobson Road, Chandler, Arizona 85286, United States in Chandler, Arizona financed for $65.1M in 2022. Reported inventory is 258 units across 258 units. This page is the Chandler, Arizona file for the 2222 South Dobson Road, Chandler, Arizona 85286, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Chandler sit in the Market section below. Filter that Chandler multifamily set by closing date to see what else financed near 2222 South Dobson Road, Chandler, Arizona 85286, United States around 2022. Published consideration for 2222 South Dobson Road, Chandler, Arizona 85286, United States is $65.1M, dated 2022. Cite this Forethought Life Insurance Co Provides $65.05M Acquisition Loan For Multifamily Property At 2222 South Dobson Road, Chandler, AZ loan when underwriting similar multifamily product around Chandler, Arizona.
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Chandler MultiFamily Market Snapshot
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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