Updated Oct 28, 2024
Seaview Capital Refinances Mesa Multifamily Property With $36.4M Loan
9410 E Ray Rd, Mesa, Arizona 85212, United States
$36,350,000
$159/SF
Building Size
227,741 SF
Asset Type
MultiFamily
Closing
Jan 4, 2022
About this deal
AI
Seaview Capital, represented by Davana Fryzer, recently secured a refinancing loan for a multifamily property located at 9410 E Ray Rd in Mesa, AZ. The loan, provided by an undisclosed lender, amounted to $36,350,000. The terms of the loan include a fixed rate for a period of 10 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,350,000
- Address: 9410 E Ray Rd
- Market: Mesa, AZ
The transaction was facilitated by Marc Schillinger and Jason Carlos from JLL Capital Markets, who served as the brokers for Seaview Capital. Their expertise in the market and negotiation skills played a crucial role in securing the refinancing loan. The property's location in Mesa, AZ, offers attractive investment potential in the multifamily market.
On the Map
$36,350,000
$159/SF
MultiFamily
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Players
Mesa 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
0.44%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93