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4529 West Ocotillo Road, Gl...

Rise48 Equity LLC Acquires Multifamily Properties In Glendale & Phoenix, AZ With $32.82M Loan From M&T Realty Capital Corp
FINANCEDMultiFamily

Rise48 Equity LLC Acquires Multifamily Properties In Glendale & Phoenix, AZ With $32.82M Loan From M&T Realty Capital Corp

4529 West Ocotillo Road, Glendale, Arizona 85301, United States

$32,820,000

Units

120

Asset Type

MultiFamily

Closing

Oct 5, 2022

AI

The multifamily property located at 4529 West Ocotillo Road & 12021 North 43rd Ave in Glendale & Phoenix, AZ has been involved in a recent loan transaction. The loan was facilitated by M&T Realty Capital Corp and the borrower is Rise48 Equity LLC. The loan amount for this acquisition is $32,820,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $32,820,000
  • Address: 4529 West Ocotillo Road & 12021 North 43rd Ave, Glendale & Phoenix, AZ
  • Market: Glendale & Phoenix, AZ

This transaction was made possible with the assistance of M&T Realty Capital Corp as the lender and Rise48 Equity LLC as the landlord. Their expertise and involvement played a crucial role in the successful completion of this acquisition.

Players

Cliff David

Institutional Property Advisors

Broker

$2.3B

vol

37 deals

Broker
 M&T Realty Capital Corporation
M&T Realty Capital CorporationBrokerage
M&T Bank
M&T BankLender

Glendale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93