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9410 E Ray Rd, Mesa, Arizon...

Seaview Capital Refinances Mesa Multifamily Property With $36.4M Loan
FINANCEDMultiFamily

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

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.

Players

Marc Schillinger

JLL

Broker

$2.2B

vol

51 deals

Broker
SC
Seaview CapitalLandlord

Mesa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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