FINANCEDMultiFamily
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
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.
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