Updated Oct 28, 2024
NewPoint Provides $87.1M Acquisition Loan For 556-Unit Multifamily In Phoenix, AZ
5115 North 40th Street, Phoenix, Arizona 85018, United States
$87,100,000
Units
556
Asset Type
MultiFamily
Closing
Oct 16, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 5115 North 40th St in Phoenix, AZ. It consists of 556 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $87,100,000
- Loan Amount: $87,100,000
- Loan Type: Acquisition
NewPoint provided a loan of $87,100,000 for the acquisition of the property. The landlord in this transaction is Harbor Group International.
The multifamily loan at 5115 North 40th Street, Phoenix, Arizona 85018, United States in Phoenix, Arizona financed for $87.1M in 2022. Reported inventory is 556 units across 556 units. This page is the Phoenix, Arizona file for the 5115 North 40th Street, Phoenix, Arizona 85018, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Phoenix sit in the Market section below. Filter that Phoenix multifamily set by closing date to see what else financed near 5115 North 40th Street, Phoenix, Arizona 85018, United States around 2022. Published consideration for 5115 North 40th Street, Phoenix, Arizona 85018, United States is $87.1M, dated 2022. Cite this NewPoint Provides $87.1M Acquisition Loan For 556-Unit Multifamily In Phoenix, AZ loan when underwriting similar multifamily product around Phoenix, Arizona.
Players
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93