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2500 Merchants Row Blvd, Ta...

Dwight Capital Provides $20.1M Loan For Tallahassee Multifamily Property
FINANCEDMultiFamily

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

Kevin Lifshitz

Dwight Capital

Lender

$85.7M

vol

3 deals

Lender
Dwight Capital
Dwight CapitalLender

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