American Capital Group Refinances Multifamily Property In Elk Grove With $34M Loan From Hartford Investment Management Co
FINANCED
$34,000,000
California
See Similar DealsMultiFamily
Financed 04/18/2022
FINANCED
American Capital Group Refinances Multifamily Property In Elk Grove With $34M Loan From Hartford Investment Management Co
8760 Center Pkwy, Elk Grove, California 95758, United States
See Similar DealsMultiFamily
Financed 04/18/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 8760 Center Parkway in Elk Grove has recently undergone a refinancing transaction. The property, owned by American Capital Group, attracted a loan of $34,000,000 from Hartford Investment Management Co.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,000,000
- Address: 8760 Center Parkway
- Market: Elk Grove
- Landlord: American Capital Group
- Lender: Hartford Investment Management Co.
- Brokers: Dave Karson, Chris Moyer & John Spreitzer - Cushman & Wakefield
The loan, which took place on 04/18/2022, involved the efforts of brokers Dave Karson, Chris Moyer, and John Spreitzer, who represented American Capital Group in the deal. The refinancing, organized by Hartford Investment Management Co., serves as a testament to the attractive potential of the multifamily asset located at 8760 Center Parkway in Elk Grove.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,000,000.00
Monthly NOI$226,666.67
Monthly Debt Service$214,903.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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