Updated Nov 19, 2023
Gantry Secures $41.6M Loan For Multifamily Property On South Goodyear Blvd East
949 South Goodyear Boulevard East Goodyear, Arizona 85338, USA
$41,600,000
Units
240
Asset Type
MultiFamily
Closing
May 17, 2023
About this deal
AI
The multifamily property located at 949 South Goodyear Boulevard East in Goodyear, AZ has been involved in a loan transaction. The loan was secured on May 17, 2023. The property consists of 240 units and is part of the multifamily asset category. The loan amount for this transaction is $41,600,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $41,600,000
- Address: 949 South Goodyear Boulevard East, Goodyear, AZ
- Market: Goodyear, AZ
- Units: 240
The loan transaction for the property at 949 South Goodyear Boulevard East was facilitated by Gantry, a brokerage firm. They represented the buyer in this transaction and helped secure the loan amount of $41,600,000.
Players
Goodyear 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93