Updated Nov 28, 2024
Walker & Dunlop Provides $17.7M Loan For Acquisition Of Tempe Multifamily Property
801 East McKellips Road Tempe, Arizona 85281, USA
$17,720,000
Units
124
Asset Type
MultiFamily
Closing
May 30, 2023
About this deal
AI
The property asset involved in this closed transaction is a multifamily located at 801 East McKellips Road in Tempe, AZ. The property consists of 124 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,720,000
- Market: Tempe, AZ
The lender for this transaction was Walker & Dunlop. The loan amount for the acquisition was $17,720,000.
The multifamily loan at 801 East McKellips Road Tempe, Arizona 85281, USA in Tempe, Arizona financed for $17.7M in 2023. Reported inventory is 124 units across 124 units. Walker & Dunlop appears on the loan alongside Walker & Dunlop. This page is the Tempe, Arizona file for the 801 East McKellips Road Tempe, Arizona 85281, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Tempe sit in the Market section below. Filter that Tempe multifamily set by closing date to see what else financed near 801 East McKellips Road Tempe, Arizona 85281, USA around 2023. Published consideration for 801 East McKellips Road Tempe, Arizona 85281, USA is $17.7M, dated 2023. Cite this Walker & Dunlop Provides $17.7M Loan For Acquisition Of Tempe Multifamily Property loan when underwriting similar multifamily product around Tempe, Arizona.
Players
Tempe 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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93