Steve Goldwyn & David Purisch Of Marcus & Millichap Capital Corporation Arrange $4.4M Refinancing Loan For Multifamily Property In Gainesville
6900 Southwest 21st Lane, Gainesville, Florida 32607, United States
$4,400,000
$1,394/SF
Building Size
3,156 SF
Asset Type
MultiFamily
Closing
Apr 20, 2022
AI
A multifamily property located at 6900 Southwest 21st Lane in Gainesville has undergone a refinancing loan transaction. The loan amount for this transaction was $4,400,000. The 10-year fixed-rate loan has an LTV (loan-to-value) ratio of 59 percent and an interest rate of 3.18 percent.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Address: 6900 Southwest 21st Lane, Gainesville
- Loan Type: Refinancing Loan
- Loan Terms: 10-year fixed-rate with an LTV of 59 percent and an interest rate of 3.18 percent
This refinancing loan transaction was facilitated by brokers Steve Goldwyn and David Purisch from Marcus & Millichap Capital Corporation.
Players
Gainesville 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93