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3000 South Adams Street

Meridian Capital Group Refinances MultiFamily Property In Tallahassee For $9.26M
FINANCEDMultiFamily

Meridian Capital Group Refinances MultiFamily Property In Tallahassee For $9.26M

3000 South Adams Street

$9,260,000

Building Size

Asset Type

MultiFamily

Closing

Aug 25, 2023

AI

The multi-family property located at 3000 South Adams Street in Tallahassee was recently involved in a loan transaction. The loan amount for the refinancing was $9,260,000. The property is owned by of the . The loan was facilitated by brokers Morris Betesh, Tamir Kazaz, and Morris Dabbah from Meridian Capital Group.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $9,260,000
  • Address: 3000 South Adams Street, Tallahassee
  • Broker Representative: Morris Betesh, Tamir Kazaz, Morris Dabbah - Meridian Capital Group
  • Landlord:
  • Loan Type: Refinance

The loan transaction involving the multi-family property on South Adams Street was facilitated by brokers Morris Betesh, Tamir Kazaz, and Morris Dabbah from Meridian Capital Group. , the owner of the property, is associated with the . The refinancing loan amounted to $9,260,000, providing financial support for the property's continued operation and maintenance.

Players

Morris Betesh

Arrow Real Estate Advisors

Broker

$14.3B

vol

241 deals

Broker

Market 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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93