Ryan Hanks Of Madison Capital Group Secures $223 Million Bridge Loan For Multifamily Properties
75 Teigan Trail
$223,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 4, 2026
AI
The transaction involves five apartment communities located at 75 Teigan Trail, 7045 Pine Forest Road, 4739 Starr Ranch Road, 2220 Berryhill Road, and 11100 Madison Elm Lane across key Sun Belt markets in North Carolina, South Carolina, and Florida, collectively comprising 1,345 units. The secured loan amount is $223,000,000, and it is a bridge loan facilitating continued multifamily expansion.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $223,000,000
- Units: 1,345
- Addresses: 75 Teigan Trail, 7045 Pine Forest Road, 4739 Starr Ranch Road, 2220 Berryhill Road, 11100 Madison Elm Lane
- Market: Saint Johns & Pensacola, FL; Indian Land, SC; Charlotte & Raleigh, NC
- Loan Type: Bridge
- Landlord: Ryan Hanks - Madison Capital Group
- Brokers: Walker Layne, Austin Sneed & Tyler Evenson - Walker & Dunlop
Madison Capital Group's landlord, Ryan Hanks, navigated this deal with the support of brokers Walker Layne, Austin Sneed, and Tyler Evenson from Walker & Dunlop, who arranged the financing to provide capital flexibility for the firm's multifamily expansion initiatives.
Players
Miami Beach 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93