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 Deepak Khosa of the Atlantic Group of Companies. 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: Deepak Khosa - Atlantic Group of Companies
- 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. Deepak Khosa, the owner of the property, is associated with the Atlantic Group of Companies. The refinancing loan amounted to $9,260,000, providing financial support for the property's continued operation and maintenance.
Players
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