M&T Realty Capital Corp Provides $35.36M Loan For Greenwater Multifamily In Tucson, Ariz
3535 North 1st Avenue, Tucson, Arizona 85719, United States
$35,360,000
Units
459
Asset Type
MultiFamily
Closing
Apr 17, 2023
AI
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.
Players
Tucson 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93