Arbor Realty Trust Provides $30M Loan For MultiFamily Property In Tucson
3985 N Stone Ave, Tucson, AZ, 85705
$30,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 25, 2022
AI
The property at 3985 N Stone Ave, Tucson, AZ, 85705, is a MultiFamily asset. The loan for this property was provided by Arbor Realty Trust in the amount of $30,000,000.00. The borrower's representative for this transaction was Scott Rosenstock from Meridian Capital Group.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $30,000,000.00
- Market: Tucson
- Borrower's Rep: Scott Rosenstock(Meridian Capital Group)
- Lender: Arbor Realty Trust
- Address: 3985 N Stone Ave, Tucson, AZ, 85705
The involvement of Scott Rosenstock from Meridian Capital Group as the borrower's representative highlights the professional representation in this deal, ensuring a smooth transaction process.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93