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ECI Group - Seth R. Greenberg Secures $625M Loan From Goldman Sachs Bank USA For Multifamily Portfolio In Florida, Georgia, Tennessee & Texas

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FINANCED
$625,000,000

Florida

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MultiFamily
Financed 07/28/2022
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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 Deals
MultiFamily
Financed 07/28/2022
Contact now

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.

Players

LENDER

3 deals$716.5M volume
LANDLORD

Details

FINANCED
IMAGE: Seth R. Greenberg DATE: 07/28/2022 ADDRESS: Portfolio MARKET: Florida, Georgia, Tennessee & Texas ASSET TYPE: Multifamily ~ UNITS: 3,478 LENDER: Goldman Sachs Bank USA (@GoldmanSachs) LANDLORD: ECI Group - Seth R. Greenberg BROKER: Jones Lang LaSalle Securities, LLC LOAN AMOUNT: $625,000,000

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Deal Type
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