ECI Group - Seth R. Greenberg Secures $625M Loan From Goldman Sachs Bank USA For Multifamily Portfolio In Florida, Georgia, Tennessee & Texas
FINANCED
$625,000,000
Florida
See Similar DealsMultiFamily
Financed 07/28/2022
FINANCED
ECI Group - Seth R. Greenberg Secures $625M Loan From Goldman Sachs Bank USA For Multifamily Portfolio In Florida, Georgia, Tennessee & Texas
Florida, United States
See Similar DealsMultiFamily
Financed 07/28/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$625,000,000.00
Monthly NOI$4,166,666.67
Monthly Debt Service$3,950,425.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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