Morgan Energy Refinances Greeley Multifamily Property For $21.3M
3755 25th Street, Greeley, Colorado 80634, United States
$21,258,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 18, 2022
AI
Located at 3755 W 25th St in Greeley, CO, this multifamily property consists of 144 units. The property was recently involved in a loan transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,258,000
- Loan Type: Refinance
- Loan Terms: 10-year, fixed-rate loan through Freddie Mac Multifamily
The loan was facilitated by Eric Tupler of JLL Capital Markets. Eric represented Morgan Energy, the landlord, in the transaction. The loan amount of $21,258,000 was secured to refinance the property. This long-term loan was provided by Freddie Mac Multifamily.
Players
Greeley MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93