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Updated Oct 29, 2024

White Eagle Property Group Refinances Multifamily Portfolio In Alabama, Florida, Georgia & North Carolina With $385M Loan From Capital One & NewPoint Agency
FINANCEDMultiFamily

White Eagle Property Group Refinances Multifamily Portfolio In Alabama, Florida, Georgia & North Carolina With $385M Loan From Capital One & NewPoint Agency

Florida, United States

$385,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Jan 3, 2022

About this deal

AI

The White Eagle Property Group has secured a $385 million refinancing loan for its multifamily portfolio across Alabama, Florida, Georgia, and North Carolina. The loan was provided by Capital One and NewPoint Agency, signifying a significant financial backing for the company.

Summary of transaction details

The financing deal, led by Jacob Katz, Zev Karpel, and Daniel Hofstedter of Meridian Capital Group, highlights the involvement of dedicated professionals in managing the transaction. Their expertise and representation have played a crucial role in securing the loan for White Eagle Property Group.

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$385,000,000

MultiFamily

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Players

Zev Karpel

Meridian Capital Group

Broker

$1.4B

vol

12 deals

Broker
NewPoint Agency
NewPoint AgencyLender
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Oxford 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

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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