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M&T Realty Capital Corp Provides $35.36M Loan For Greenwater Multifamily In Tucson, Ariz

Property Image
FINANCED
$35,360,000

Arizona

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MultiFamily
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Property Image
FINANCED

M&T Realty Capital Corp Provides $35.36M Loan For Greenwater Multifamily In Tucson, Ariz

3535 North 1st Avenue, Tucson, Arizona 85719, United States

See Similar Deals
MultiFamily
the dealdetailscomps

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 3535 North 1st Ave & 4415 East Grant Road in Tucson, Arizona has been involved in a recent transaction. The property consists of 459 units and has undergone a closed transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $35,360,000
  • Loan Date: 10/25/2022
  • Lender: M&T Realty Capital Corp
  • Landlord: Greenwater

The lender for this transaction was M&T Realty Capital Corp, providing a loan amount of $35,360,000. The landlord involved in the deal is Greenwater.

Details

FINANCED
IMAGE: 10/25/2022 ADDRESS: 3535 North 1st Ave & 4415 East Grant Road MARKET: Tucson, Ariz ASSET TYPE: Multifamily ~ UNITS: 459 LENDER: M&T Realty Capital Corp LANDLORD: Greenwater LOAN AMOUNT: $35,360,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$35,360,000.00

Monthly NOI$235,733.33
Monthly Debt Service$223,499.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00