Allen Morris Co Secures $100M Construction Loan For Development Site At 1055 Howell Mill Rd, Atlanta, GA
1055 Howell Mill Rd
$100,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 29, 2023
AI
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.
Players
Atlanta Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93