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
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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