Morgan Ehrenzeller Secures $7,029,500 Acquisition Loan For 188-Unit Multifamily In North Little Rock
$7,029,500
$48/SF
Building Size
144,830 SF
Asset Type
MultiFamily
Closing
Jul 8, 2026
AI
The asset involved in this transaction is a multifamily property comprising 188 units and covering a total area of 144,830 square feet, located in North Little Rock. The loan amount approved for this acquisition is $7,029,500, structured with terms of 18 months plus an extension option.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $7,029,500
- Lender: Samuel Kwadrat - Rhine Legacy Capital
- Landlord: Morgan Ehrenzeller
- Landlord's Representative: Ariel Shitrit
- Loan Type: Acquisition
- Loan Terms: 18 months + extension
This transaction involves key individuals in the real estate financing sector. Samuel Kwadrat, representing Rhine Legacy Capital, specializes in providing substantial financing options ranging from $2MM to $20MM for value-add investments. Morgan Ehrenzeller is the landlord in this transaction, while Ariel Shitrit acts as the landlord's representative.
Players
North Little Rock 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
2.26%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93