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
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