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Ideal Capital Group Acquires 292-Unit Multifamily Property In Phoenix With $43.59M Loan From CBRE Capital Markets
FINANCED
$43,590,000
Arizona
See Similar DealsMultiFamily
Financed 09/21/2023
FINANCED
Ideal Capital Group Acquires 292-Unit Multifamily Property In Phoenix With $43.59M Loan From CBRE Capital Markets
24825 North 19th Avenue
See Similar DealsMultiFamily
Financed 09/21/2023
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan
The 292-unit Cabana Happy Valley apartment property in Phoenix has been acquired by Ideal Capital Group with the support of $43.59 million in Freddie Mac financing provided by CBRE Capital Markets. The property, located at 24825 North 19th Avenue, is a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $43,590,000
- Units: 292
- Lender: CBRE Capital Markets
- Landlord: Austin Herzog - Ideal Capital Group
CBRE Capital Markets has played a critical role in supporting Ideal Capital Group's acquisition of the Cabana Happy Valley apartment property. The loan provided by CBRE will enable the successful completion of this acquisition deal. This transaction signifies the ongoing growth and investment in the Phoenix, AZ market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,590,000.00
Monthly NOI$290,600.00
Monthly Debt Service$275,518.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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