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5022 North 17th Avenue

Washington Federal Bank Provides $2M Refinance Loan For Multifamily Property In Phoenix
FINANCEDMultiFamily

Washington Federal Bank Provides $2M Refinance Loan For Multifamily Property In Phoenix

5022 North 17th Avenue

$2,000,000

$91/SF

Building Size

21,842 SF

Asset Type

MultiFamily

Closing

Dec 5, 2022

AI

Located at 5022 North 17th Avenue in Phoenix, AZ, this multifamily property spans a total of 21,842 square feet. The property was recently involved in a refinancing deal.

Summary of transaction details

This transaction was facilitated by John Libretti and Gabby Cali from Progress Capital. They represented the borrower in securing a $2,000,000 refinance loan from Washington Federal Bank.

Players

Gabby Cali

Cali Capital

Broker

$157.7M

vol

32 deals

Broker
WB
Washington Federal BankLender

Phoenix 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93