Verus Commercial Real Estate Finance Provides $12.1M Acquisition Loan For 104-Unit Multifamily Property In Hilliard, Jacksonville
FINANCED
$12,100,000
Florida
See Similar DealsMultiFamily
Financed 05/06/2022
FINANCED
Verus Commercial Real Estate Finance Provides $12.1M Acquisition Loan For 104-Unit Multifamily Property In Hilliard, Jacksonville
37177 Cody Circle, Hilliard, Florida 32046, United States
See Similar DealsMultiFamily
Financed 05/06/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property with 104 units located at 37177 Cody Circle in Hilliard, Jacksonville has been involved in a recent transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,100,000
- Market: Hilliard, Jacksonville
- Lender: Verus Commercial Real Estate Finance
- Loan Type: Acquisition
The loan for the acquisition of this multifamily property was provided by Verus Commercial Real Estate Finance. Anthony Iervolino, the Executive Managing Director at Verus Commercial Real Estate Finance, served as the lender's representative in this deal.
Contact the lender, Anthony R. Iervolino, at [email protected] or 917-554-5608 for more information regarding this loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,100,000.00
Monthly NOI$80,666.67
Monthly Debt Service$76,480.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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