Dwight Capital Provides $20.1M Loan For Tallahassee Multifamily Property
2500 Merchants Row Blvd, Tallahassee, FL, USA
$20,100,000
$67/SF
Building Size
296,112 SF
Asset Type
MultiFamily
Closing
Feb 25, 2021
AI
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
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93