Updated Oct 29, 2024
Cerberus Capital Management's Single Family Rental Portfolio Secures $616.1M Loan From Morgan Stanley, Represented By Kroll Bond Rating Agency
Florida, USA
$616,100,000
Units
2,106
Asset Type
Single Family Residence
Closing
Nov 18, 2021
About this deal
AI
A single-family rental portfolio consisting of 2,106 properties in Atlanta, Georgia, Charlotte, North Carolina, Phoenix, and Florida has been involved in a loan transaction.
Summary of transaction details
- Property Type: Single Family Rental Properties
- Transaction Amount: $616,100,000
- Loan Terms: Five-year, fixed-rate
- Lender: Morgan Stanley
- Landlord: Cerberus Capital Management
- Broker: Kroll Bond Rating Agency
The loan was received from Morgan Stanley, while Cerberus Capital Management acted as the landlord in the deal. Kroll Bond Rating Agency served as the broker. The loan amount for this transaction was $616,100,000 with a fixed-rate term of five years.
Players
Avon Park Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · 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