GID Investment Advisers Secures $627.55M Loan For Multifamily Portfolio In California, Washington, Massachusetts & Georgia
FINANCED
$627,550,000
+ 3
California
See Similar DealsRetail75,248 SF
Financed 08/24/2021
FINANCED
GID Investment Advisers Secures $627.55M Loan For Multifamily Portfolio In California, Washington, Massachusetts & Georgia
California, USA
See Similar DealsRetail75,248 SF
Financed 08/24/2021
+ 3
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$8,339
Total Square Footage:75,248 SF
Transaction Type:Loan
A multifamily asset located in California, Washington, Massachusetts, and Georgia has been involved in a closed transaction. The transaction took place on 08/24/2021 and was facilitated by GID Investment Advisers. The property consists of 2,588 units and the loan amount for the transaction was $627,550,000. The deal was brokered by Ramsey Daya, Stephan Gianoplus, Chris Moritz, and John Westby-Gibson from Newmark.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $627,550,000
- Units: 2,588
- Market: California, Washington, Massachusetts, and Georgia
- Landlord: GID Investment Advisers
- Brokers: Ramsey Daya, Stephan Gianoplus, Chris Moritz, and John Westby-Gibson - Newmark
The deal involved multiple key individuals and companies. GID Investment Advisers acted as the landlord for the transaction. The brokers who played a role in the deal were Ramsey Daya, Stephan Gianoplus, Chris Moritz, and John Westby-Gibson, representing the interests of the parties involved.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$627,550,000.00
Monthly NOI$4,183,666.67
Monthly Debt Service$3,966,542.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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