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375 East Linda Vista Boulevard

Greystone Secures $14 Million Refinance For Linda Vista Luxury Rentals In Oro Valley, AZ
FINANCEDMultiFamily

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:

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

Thomas Wayda

Greystone

Broker

$1.5B

vol

21 deals

Broker

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