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3622 Howard Dr, College Par...

Updated Sep 5, 2024

Rosewood Realty Group Helps Secure $6.55M Refinance Loan For College Park, GA Package Deal
FINANCED

Rosewood Realty Group Helps Secure $6.55M Refinance Loan For College Park, GA Package Deal

3622 Howard Dr, College Park, Georgia 30337, United States

$6,550,000

Units

1

Asset Type

Closing

Dec 27, 2021

About this deal

AI

The package deal located at 3622-3642 Howard Drive in College Park, GA recently underwent a cash-out refinance transaction. The loan amount secured for this deal was $6,550,000. The loan terms for this refinance include a fixed interest rate of 3.875% for 30 years, with a 30-year amortization and flexible prepayment options.

Summary of Transaction Details:

  • Property Type: Package Deal
  • Transaction Amount: $6,550,000
  • Address: 3622-3642 Howard Drive, College Park, GA
  • Market: College Park, GA
  • Landlord: Steve Greenberg
  • Brokers: Abe Mann - Rosewood Realty Group

Abe Mann from Rosewood Realty Group represented the parties involved in this transaction, securing the cash-out refinance for a package of Single Family Rentals (SFR's) in Georgia.

For further financing needs, you can contact Abe Mann at 917-574-3810 or via email at [email protected].

Players

Abe Mann

Hudson Atlantic Capital

Broker

$308.6M

vol

46 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

Atlanta CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.42%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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