Dwight Capital Provides $20.1M Loan For Tallahassee Multifamily Property
FINANCED
$20,100,000
Florida
See Similar DealsMultiFamily296,112 SF
Financed 02/26/2021
FINANCED
Dwight Capital Provides $20.1M Loan For Tallahassee Multifamily Property
2500 Merchants Row Blvd, Tallahassee, FL, USA
See Similar DealsMultiFamily296,112 SF
Financed 02/26/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$67
Total Square Footage:296,112 SF
Transaction Type:Loan
2500 Merchants Row Blvd, located in Tallahassee, was recently involved in a multifamily property transaction. The deal, which took place on 02/26/2021, was facilitated by Dwight Capital, represented by Adam Sasouness and Kevin Lifshitz. The loan amount for this transaction was $20,100,000, and the property consists of 242 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,100,000
- Address: 2500 Merchants Row Blvd
- Market: Tallahassee
The key individuals involved in this transaction are Adam Sasouness and Kevin Lifshitz from Dwight Capital. They represented the lender in this deal, ensuring a successful financing arrangement for the property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,100,000.00
Monthly NOI$134,000.00
Monthly Debt Service$127,045.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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