Marcus & Millichap Facilitates $27.9M Loan For Mesa Multifamily Acquisition
FINANCED
$27,977,700
California
See Similar DealsMultiFamily160,100 SF
Financed 10/12/2023
FINANCED
Marcus & Millichap Facilitates $27.9M Loan For Mesa Multifamily Acquisition
MultiFamily160,100 SF
Financed 10/12/2023
Summary
Asset Type:MultiFamily
Price Per Square Foot:$174
Total Square Footage:160,100 SF
Transaction Type:Loan
The multifamily property located in Mesa, CA has recently undergone an acquisition. This property comprises 209 units with a total area of 160,100 square feet. The transaction was facilitated by brokers Stefen Chraghchian and Sharone Sabar from Marcus & Millichap. The property is valued at a loan amount of $27,977,700, which was provided for the acquisition.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,977,700
- Location: Mesa, CA
- Units: 209
- Total Area: 160,100 square feet
- Loan Type: Acquisition
- Loan Terms: 5.94% Rate, 7-YR Fixed, Full Term IO
Stefen Chraghchian and Sharone Sabar from Marcus & Millichap played a crucial role as brokers in facilitating this acquisition loan. With their expertise, they successfully closed the deal for the multifamily property in Mesa, CA. The loan includes favorable terms such as a 5.94% rate and a 7-year fixed term with full term interest-only payments.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,977,700.00
Monthly NOI$186,518.00
Monthly Debt Service$176,838.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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