Updated Dec 20, 2023
Northmarq Brokers Secure $49.5M Construction Loan For Multifamily Property
36351 West Honeycutt Road, Maricopa, Arizona 85138, United States
$49,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 12, 2022
About this deal
AI
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.
On the Map
$49,500,000
MultiFamily
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Players
Maricopa 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93