Updated Nov 27, 2024
CBRE Investment Management Provides $35.37M Loan For Phoenix Multifamily Acquisition
7611 South 36th Street, Phoenix, Arizona 85042, United States
$35,370,000
Units
134
Asset Type
MultiFamily
Closing
Sep 6, 2022
About this deal
AI
The multifamily property located at 7611 South 36th St in Phoenix, AZ has been involved in a closed transaction. The asset consists of 134 units, contributing to its value in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $35,370,000
- Loan Date: 09/07/2022
- Lender: CBRE Investment Management
- Landlord: SB Real Estate Partners
CBRE Investment Management provided a loan amount of $35,370,000 for the acquisition of the property. The loan date was on 09/07/2022. The landlord involved in the transaction is SB Real Estate Partners.
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93