Updated Oct 29, 2024
Hallmark DE Nottingham Refinances MultiFamily Property In Pensacola With $34M Greystone Loan
8100 US-98 Pensacola, FL 32506, USA
$34,028,000
Units
268
Asset Type
MultiFamily
Closing
May 15, 2023
About this deal
AI
A 268-unit multifamily property located at 8100 US-98 in Pensacola, Florida, has been refinanced with a $34,028,000 Fannie Mae loan arranged by Greystone. The loan, provided on behalf of Hallmark DE Nottingham, LLC, is non-recourse financing with a five-year term and 30-year amortization. This refinancing opportunity will enable the borrower to leverage their equity.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $34,028,000
- Asset Address: 8100 US-98Pensacola, FL 32506, USA
- Market: Pensacola
- Lender: Greystone
Greystone, a prominent lender, facilitated the refinancing of the Pensacola multifamily property. The loan will provide Hallmark DE Nottingham, LLC with the opportunity to capitalize on their equity and enhance their financial position.
Players
Pensacola 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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93