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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 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

Morris Betesh

Arrow Real Estate Advisors

Broker

$12.4B

vol

214 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