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36351 West Honeycutt Road, ...

Northmarq Brokers Secure $49.5M Construction Loan For Multifamily Property
FINANCEDMultiFamily

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

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

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.

Players

Bryan Mummaw

NorthMarq

Broker

$112.7M

vol

4 deals

Broker

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