Central Management Secures $16.35 Million Acquisition Loan From Fannie Mae For Multifamily Asset In Delaware
$16,350,000
$16,350,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
May 26, 2025
AI
The asset involved in this transaction is a multifamily property consisting of 129 units located in Delaware. The acquisition loan was secured for a total amount of $16,350,000 from Fannie Mae. Central Management is the landlord of this property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,350,000
- Lender: Fannie Mae
- Landlord: Central Management
- Landlord's Representative: Eli Serebrowski & Meir Schlusselberg - Arrow Real Estate Advisors
- Loan Type: Acquisition
Eli Serebrowski and Meir Schlusselberg represented Central Management in this transaction through their agency, Arrow Real Estate Advisors. Their role highlights the professional guidance provided during the acquisition process.
Players
New Castle 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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93