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

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FINANCED
$32,820,000
Steve Gebing
Cliff David

Arizona

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MultiFamily
Financed 10/06/2022
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Property Image
FINANCED

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

See Similar Deals
MultiFamily
Financed 10/06/2022
Steve Gebing
Cliff David
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan

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
Cliff David
36 deals$2.3B volume
BROKER
Steve Gebing
Institutional Property Advisors
Steve Gebing
37 deals$2.4B volume
BROKER
M&T Realty Capital Corporation
M&T Realty Capital Corporation
BROKERAGE
M&T Bank
M&T Bank
LENDER
M&T Realty Capital Corporation
M&T Realty Capital Corporation
LENDER
RL
Rise48 Equity LLC
LANDLORD

Details

FINANCED
IMAGE: 10/06/2022 ADDRESS: 4529 West Ocotillo Road & 12021 North 43rd Ave MARKET: Glendale & Phoenix, AZ ASSET TYPE: Multifamily LENDER: M&T Realty Capital Corp LANDLORD: Rise48 Equity LLC LOAN AMOUNT: $32,820,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$32,820,000.00

Monthly NOI$218,800.00
Monthly Debt Service$207,444.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00