Updated Oct 28, 2024
Bela Flor Communities Secures $49.5M Construction Loan For Multifamily Property On Honeycutt Rd In Maricopa, AZ
3631 Honeycutt Rd Maricopa, AZ 85138, USA
$49,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 17, 2022
About this deal
AI
The property involved in the transaction is a multifamily asset located at 3631 Honeycutt Rd in Maricopa, AZ. The transaction took place on 07/18/2022. The landlord is Bela Flor Communities.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $49,500,000
- Loan Type: Construction loan
The lender for this transaction is Churchill Real Estate, represented by Sean Robertson and Jeff Rosenfeld. They provided a construction loan amounting to $49,500,000. The loan will facilitate the development of the multifamily property situated at 3631 Honeycutt Rd in Maricopa, AZ.
On the Map
$49,500,000
MultiFamily
View full map
Players
Maricopa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93