Seaview Capital Refinances Mesa Multifamily Property With $36.4M Loan
FINANCED
$36,350,000
Arizona
See Similar DealsMultiFamily227,741 SF
Financed 01/04/2022
FINANCED
Seaview Capital Refinances Mesa Multifamily Property With $36.4M Loan
9410 E Ray Rd, Mesa, Arizona 85212, United States
See Similar DealsMultiFamily227,741 SF
Financed 01/04/2022
Summary
ARIZONA
Asset Type:MultiFamily
Price Per Square Foot:$159
Total Square Footage:227,741 SF
Transaction Type:Loan
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
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$36,350,000.00
Monthly NOI$242,333.33
Monthly Debt Service$229,756.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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