$92 Million Refinance Secured For 774 Unit Multifamily Asset In Atlanta By Richard Sutton
Building Size
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Asset Type
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Closing
Jun 4, 2025
AI
The transaction involves a multifamily asset located in Atlanta, GA, encompassing a total of 774 units. The loan amount for this property is $92,000,000, and it is classified as a refinance loan with a term of 5 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $92,000,000
- Loan Type: Refinance
- Loan Terms: 5 Years
- Broker: Richard Sutton - Parallel CRE
- Date: 06/24/2025
Richard Sutton represents Parallel CRE in this transaction, utilizing extensive lender relationships to provide a tailored financing solution for clients. The company emphasizes its unique model and approach in the real estate financing sector.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93