Greystone Secures $14 Million Refinance For Linda Vista Luxury Rentals In Oro Valley, AZ
375 East Linda Vista Boulevard
$14,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 28, 2024
AI
The property involved in this transaction is Linda Vista Luxury Rentals, a multifamily asset comprised of 64 units, located at 375 East Linda Vista Boulevard in Oro Valley, AZ. The refinancing secured is for the amount of $14,000,000. This build-to-rent community was completed in 2024.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,000,000
- Loan Type: Refinance
- Date: 10/28/2024
- Brokers: Dante Distefano, Rebecca Reich, Shana Daby & Thomas Wayda - Greystone
This transaction was facilitated by Greystone, highlighting the expertise of their brokerage team in securing the refinance for this multifamily property, contributing to the growth of rental opportunities in Tucson.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93