LMF Commercial Provides $40,000,000 Refinance Loan For 252 Unit Multifamily Asset In Little Rock
$40,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 27, 2026
AI
The asset involved in this transaction is a multifamily property located in Little Rock, AR, consisting of 252 units. The transaction includes a refinance loan amounting to $40,000,000 with terms set for a 5-year CMBS and a full-term interest only (FTIO) structure.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Lender: LMF Commercial
- Loan Originators: Nihad Choudhury, Gavin Ferruggia & Steven Russell
- Broker: Joseph Burnstein - Fortune Capital Group
- Loan Terms: CMBS- 5 Year, FTIO
- Units: 252
- Market: Little Rock, AR
The key individuals involved in this transaction include Nihad Choudhury, Gavin Ferruggia, and Steven Russell, who served as loan originators. Joseph Burnstein represented the broker in this transaction through Fortune Capital Group, facilitating the refinance process for the multifamily property in Little Rock.
Players
Market 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93