Updated Oct 29, 2024
Housing Trust Group Secures $35.9M Construction Loan For Tallahassee Multifamily Property
1211 East Lafayette Street, Tallahassee, Florida 32301, United States
$35,900,000
Units
96
Asset Type
MultiFamily
Closing
Nov 14, 2022
About this deal
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.
On the Map
$35,900,000
MultiFamily
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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