Forethought Life Insurance Co Provides $65.05M Acquisition Loan For Multifamily Property At 2222 South Dobson Road, Chandler, AZ
FINANCED
$65,050,000
Arizona
See Similar DealsMultiFamily
Financed 09/22/2022
FINANCED
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
See Similar DealsMultiFamily
Financed 09/22/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$65,050,000.00
Monthly NOI$433,666.67
Monthly Debt Service$411,160.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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