Housing Trust Group Secures $35.9M Construction Loan For Tallahassee Multifamily Property
1211 East Lafayette Street, Tallahassee, Florida 32301, United States
$35,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 14, 2022
AI
The multifamily property at 1211 E Lafayette St in Tallahassee was recently involved in a closed transaction. The property spans across 5.8 acres and consists of 96 units.
Summary of transaction details:
- Property Type: Multifamily
- Address: 1211 E Lafayette St, Tallahassee
- Market: Tallahassee
- Units: 96
- Acres: 5.8
The loan for this transaction was provided by Chase Bank, Raymond James, and Walker & Dunlop. The loan amount was $35,900,000, and it was a construction loan. The landlord in this deal is Housing Trust Group, represented by Matthew A. Rieger.
Please note that no additional information is available regarding this transaction.
Players
Tallahassee 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93