Updated Oct 29, 2024
ECI Group - Seth R. Greenberg Secures $625M Loan From Goldman Sachs Bank USA For Multifamily Portfolio In Florida, Georgia, Tennessee & Texas
Florida, United States
$625,000,000
Units
3,478
Asset Type
MultiFamily
Closing
Jul 28, 2022
About this deal
AI
Goldman Sachs Bank USA provided a loan of $625,000,000 for a multifamily portfolio in Florida, Georgia, Tennessee, and Texas. The portfolio consists of 3,478 units.
Summary of transaction details:
- Asset Type: Multifamily
- Loan Amount: $625,000,000
- Units: 3,478
The lender for this transaction was Goldman Sachs Bank USA. The landlord, represented by Seth R. Greenberg, is ECI Group. The broker involved in the deal was Jones Lang LaSalle Securities, LLC.
The multifamily loan at Florida, United States in Oxford, Florida financed for $625M in 2022. Reported inventory is 3478 units across 3478 units. Named participants on the Florida, United States loan are Seth Greenberg. This page is the Oxford, Florida file for the Florida, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Oxford sit in the Market section below. Filter that Oxford multifamily set by closing date to see what else financed near Florida, United States around 2022. Published consideration for Florida, United States is $625M, dated 2022. Cite this ECI Group - Seth R. Greenberg Secures $625M Loan From Goldman Sachs Bank USA For Multifamily Portfolio In Florida, Georgia, Tennessee & Texas loan when underwriting similar multifamily product around Oxford, Florida.
On the Map
$625,000,000
MultiFamily
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Players
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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93