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
$12,100,000
Units
104
Asset Type
MultiFamily
Closing
May 5, 2022
AI
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.
Players
Hilliard 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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93