Updated Sep 9, 2024
Arbor Provides $75.9M Bridge Financing For Multifamily Acquisition In Columbus Georgia MSA
100 Sydney St
$75,975,000
$115/SF
Building Size
660,018 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
The multifamily property located at 100 Sydney St. in Columbus Georgia MSA has been involved in a recent transaction. The property spans a total square footage of 660,018 and consists of 618 units. The transaction took place on 12/15/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $75,975,000
- Address: 100 Sydney St.
- Market: Columbus Georgia MSA
- Square Footage: 660,018
- Units: 618
The loan for this transaction was provided by Arbor. The loan amount was $75,975,000. It was an acquisition loan with bridge financing and 85% loan-to-cost ratio. The loan terms included a 3+1+1 term and an interest rate of LIBOR + 3.75%.
Ari Zilber is the landlord of the property. The brokers involved in the deal were Nina Russo and Jonathan Zilber from Meridian Capital.
Players
London 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93