Updated Dec 12, 2024
Nuveen Global Cities REIT Inc Provides $68.2M Loan For TruAmerica's Scottsdale Multifamily Acquisition
8444 East Indian School Road, Scottsdale, Arizona 85251, United States
$68,200,000
Units
218
Asset Type
MultiFamily
Closing
Aug 23, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 8444 E Indian School Rd in Scottsdale, AZ. The asset consists of 218 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $68,200,000
- Address: 8444 E Indian School Rd
- Market: Scottsdale, AZ
- Lender: Nuveen Global Cities REIT Inc
- Landlord: TruAmerica
The lender in this transaction is Nuveen Global Cities REIT Inc, while the landlord is TruAmerica.
The multifamily loan at 8444 East Indian School Road, Scottsdale, Arizona 85251, United States in Scottsdale, Arizona financed for $68.2M in 2022. Reported inventory is 218 units across 218 units. This page is the Scottsdale, Arizona file for the 8444 East Indian School Road, Scottsdale, Arizona 85251, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Scottsdale sit in the Market section below. Filter that Scottsdale multifamily set by closing date to see what else financed near 8444 East Indian School Road, Scottsdale, Arizona 85251, United States around 2022. Published consideration for 8444 East Indian School Road, Scottsdale, Arizona 85251, United States is $68.2M, dated 2022. Cite this Nuveen Global Cities REIT Inc Provides $68.2M Loan For TruAmerica's Scottsdale Multifamily Acquisition loan when underwriting similar multifamily product around Scottsdale, Arizona.
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Scottsdale 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93