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Stockdale Capital Partners Acquires Multifamily Property In Scottsdale For $84M

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FINANCED
$84,000,000

Arizona

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MultiFamily
Financed 12/13/2021
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Property Image
FINANCED

Stockdale Capital Partners Acquires Multifamily Property In Scottsdale For $84M

4518 North 73rd Street, Scottsdale, AZ, USA

See Similar Deals
MultiFamily
Financed 12/13/2021
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 4518 North 73rd Street in Scottsdale, Arizona has been involved in a recent transaction. The property consists of 260 units and is owned by Steven Yari & Shawn Yari, who are represented by Stockdale Capital Partners. The deal was facilitated by Jeremy Womack from JLL and the lender for the transaction is Square Mile Capital Management, with Tom Burns representing the company. The loan amount for this transaction is $84,000,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $84,000,000
  • Address: 4518 North 73rd Street, Scottsdale, Arizona
  • Market: Scottsdale, Arizona
  • Units: 260
  • Landlord: Steven Yari & Shawn Yari - Stockdale Capital Partners
  • Broker: Jeremy Womack - JLL
  • Lender: Square Mile Capital Management - Tom Burns

The individuals and companies involved in this transaction include Steven Yari & Shawn Yari as the landlords, represented by Stockdale Capital Partners. The deal was facilitated by Jeremy Womack from JLL. Square Mile Capital Management, with Tom Burns representing the company, provided the loan for the transaction. These key players played an integral role in the successful completion of this multifamily property transaction in Scottsdale, Arizona.

Players

Jeremy Womack
3 deals$132.6M volume
BROKER

Square Mile Capital
LENDER


Details

FINANCED
IMAGE: Jeremy Womack, Steven Yari, Shawn Yari & Tom Burns DATE: 12/13/2021 ADDRESS: 4518 North 73rd Street MARKET: Scottsdale, Arizona ASSET TYPE: Multifamily ~ UNITS: 260 LENDER: Square Mile Capital Management - Tom Burns LANDLORD: Steven Yari & Shawn Yari - Stockdale Capital Partners BROKER: Jeremy Womack - JLL LOAN AMOUNT: $84,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$84,000,000.00

Monthly NOI$560,000.00
Monthly Debt Service$530,937.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00