Allen Morris Co Secures $100M Construction Loan For Development Site At 1055 Howell Mill Rd, Atlanta, GA
FINANCED
$100,000,000
Georgia
See Similar DealsDevelopment Site
Financed 03/29/2023
FINANCED
Allen Morris Co Secures $100M Construction Loan For Development Site At 1055 Howell Mill Rd, Atlanta, GA
1055 Howell Mill Rd
See Similar DealsDevelopment Site
Financed 03/29/2023
Summary
GEORGIA
Asset Type:Development Site
Transaction Type:Loan
The Allen Morris Co has secured a construction loan of $100,000,000 for a development site located at 1055 Howell Mill Rd in Atlanta, GA. The loan was obtained on 03/29/2023 and will be used for the construction of the property.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $100,000,000
- Address: 1055 Howell Mill Rd
- Market: Atlanta, GA
The loan has been obtained by Allen Morris Co. The representative involved in the deal is Spencer Morris from the same company.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$100,000,000.00
Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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