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
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
- Property Type: Multifamily
- Transaction Amount: $385,000,000
- Lender: Capital One & NewPoint Agency
- Landlord: White Eagle Property Group
- Brokers: Jacob Katz, Zev Karpel, Daniel Hofstedter - Meridian Capital Group
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.
Players
Oxford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
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