Samuel Kwadrat Of Rhine Legacy Capital Provides $7.5M Refinance Loan For Little Rock Multifamily
$7,500,000
$20/SF
Building Size
366,000 SF
Asset Type
MultiFamily
Closing
Feb 6, 2025
AI
The asset involved in this transaction is a multifamily property located in Little Rock, comprising 392 units and totaling 366,000 square feet. The loan associated with this asset is for a refinance amounting to $7,500,000, structured as a bridge to permanent financing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,500,000
- Market: Little Rock
- Lender: Samuel Kwadrat - Rhine Legacy Capital
- Loan Type: Refinance
- Loan Terms: Bridge to perm
- Units: 392
- Square Footage: 366,000
Samuel Kwadrat represents Rhine Legacy Capital in this refinancing deal, facilitating the financial arrangements for the multifamily property transaction in Little Rock. The structure of the loan indicates a transitional financing solution for the asset.
Players
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93