$20.1M Permanent Mortgage Financing Secured For Southern New England Multifamily Portfolio
Multifamily Portfolio
$20,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 20, 2023
AI
A multifamily portfolio located in Southern New England has secured permanent mortgage financing with a loan amount of $20,100,000. The loan transaction was facilitated by Brian Walsh of EagleBridge Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,100,000
- Market: Southern New England
- Asset Type: Multifamily
- Broker: Brian Walsh - EagleBridge Capital
The multifamily portfolio, situated in the Southern New England market, successfully secured a permanent mortgage financing of $20,100,000. Brian Walsh of EagleBridge Capital played a key role as the broker representing the parties involved in this transaction.
Long Beach 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93