Eric Panecki & Matt Neptun Of Brick City Capital Provide $8.45M Refinance For Town Home Portfolio In Atlanta
FINANCED
$8,449,700
Georgia
See Similar DealsCondo302,742 SF
Financed 12/10/2024
FINANCED
Eric Panecki & Matt Neptun Of Brick City Capital Provide $8.45M Refinance For Town Home Portfolio In Atlanta
Condo302,742 SF
Financed 12/10/2024
Summary
Asset Type:Condo
Price Per Square Foot:$27
Total Square Footage:302,742 SF
Transaction Type:Loan
The transaction involves a townhome portfolio consisting of 48 units, with a total square footage of 302,742. The market for this asset is located in Atlanta, GA. The refinance loan was secured for a total amount of $8,449,700 with a 30-year term at a 70% loan-to-value ratio.
Summary of transation details:
- Property Type: Town Home Portfolio
- Transaction Amount: $8,449,700
- Loan Type: Refinance
- Loan Terms: 30 Years 70% LTV
- Lender: Eric Panecki & Matt Neptun - Brick City Capital
Eric Panecki and Matt Neptun acted as lenders for this transaction, representing Brick City Capital. They facilitated the financing necessary for the refinance of the property, playing a crucial role in the execution of this transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,449,700.00
Monthly NOI$56,331.33
Monthly Debt Service$53,407.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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