Updated Oct 28, 2024
Deutsche Bank Provides $189M Loan For Multifamily Property In Chandler, AZ
875 West Pecos Road, Chandler, Arizona 85225, United States
$189,000,000
Units
346
Asset Type
MultiFamily
Closing
Oct 24, 2022
About this deal
AI
The multifamily property located at 875 West Pecos Road in Chandler, AZ has been involved in a recent loan transaction. The property consists of 346 units and is owned by Sunroad Enterprises. The loan, provided by Deutsche Bank, amounted to $189,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $189,000,000
- Address: 875 West Pecos Road, Chandler, AZ
- Market: Chandler, AZ
- Units: 346
- Landlord: Sunroad Enterprises
Deutsche Bank served as the lender for this transaction, providing the loan to facilitate the acquisition or refinancing of the multifamily property located at 875 West Pecos Road, Chandler, AZ. Sunroad Enterprises, the landlord, secured the loan to support their ownership and management of the property.
Players
Chandler 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93