Cerberus Capital Management's Single Family Rental Portfolio Secures $616.1M Loan From Morgan Stanley, Represented By Kroll Bond Rating Agency
FINANCED
$616,100,000
Florida
See Similar DealsSingle Family Residence
Financed 11/18/2021
FINANCED
Cerberus Capital Management's Single Family Rental Portfolio Secures $616.1M Loan From Morgan Stanley, Represented By Kroll Bond Rating Agency
Florida, USA
See Similar DealsSingle Family Residence
Financed 11/18/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$616,100,000.00
Monthly NOI$4,107,333.33
Monthly Debt Service$3,894,171.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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