Updated Mar 17, 2025
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
About this deal
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.
On the Map
$32,820,000
MultiFamily
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Players
Glendale 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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93