Deutsche Bank Provides $189M Loan For Multifamily Property In Chandler, AZ
FINANCED
$189,000,000
Arizona
See Similar DealsMultiFamily
Financed 10/25/2022
FINANCED
Deutsche Bank Provides $189M Loan For Multifamily Property In Chandler, AZ
875 West Pecos Road, Chandler, Arizona 85225, United States
See Similar DealsMultiFamily
Financed 10/25/2022
Summary
ARIZONA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$189,000,000.00
Monthly NOI$1,260,000.00
Monthly Debt Service$1,194,608.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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