Northmarq Brokers Secure $49.5M Construction Loan For Multifamily Property
FINANCED
$49,500,000
+ 2
Arizona
See Similar DealsMultiFamily
Financed 07/13/2022
FINANCED
Northmarq Brokers Secure $49.5M Construction Loan For Multifamily Property
36351 West Honeycutt Road, Maricopa, Arizona 85138, United States
See Similar DealsMultiFamily
Financed 07/13/2022
+ 2
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 36351 W Honeycutt Rd in Maricopa, AZ has undergone a closed transaction. The property was involved in a loan deal, with a loan amount of $49,500,000. The loan type for this transaction was a construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $49,500,000
- Address: 36351 W Honeycutt Rd, Maricopa, AZ
- Market: Maricopa, AZ
- Brokers: Brandon Harrington, Bryan Mummaw, Tyler Woodard, Chris McCook & Bryan Liu - Northmarq
The loan deal was facilitated by Brandon Harrington, Bryan Mummaw, Tyler Woodard, Chris McCook, and Bryan Liu from Northmarq. They served as the brokers in this transaction.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$49,500,000.00
Monthly NOI$330,000.00
Monthly Debt Service$312,873.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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