CBRE Investment Management Provides $35.37M Loan For Phoenix Multifamily Acquisition
FINANCED
$35,370,000
Arizona
See Similar DealsMultiFamily
Financed 09/07/2022
FINANCED
CBRE Investment Management Provides $35.37M Loan For Phoenix Multifamily Acquisition
7611 South 36th Street, Phoenix, Arizona 85042, United States
See Similar DealsMultiFamily
Financed 09/07/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,370,000.00
Monthly NOI$235,800.00
Monthly Debt Service$223,562.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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