American Realty Advisors Secures $100M Loan For Mixed-Use Property In Statesboro
5 SE Martin Luther King Jr BLVD, Portl...
$100,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 22, 2023
About this deal
AI
The mixed-use property located at 5 SE Martin Luther King Jr BLVD in Statesboro was involved in a recent transaction. The loan amount secured for this property amounted to $100,000,000.00.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $100,000,000.00
- Address: 5 SE Martin Luther King Jr BLVD, Statesboro
- Market: Statesboro
- Borrower's Rep: Ramsey Daya (Newmark)
- Borrower: American Realty Advisors
- Lender: Mesa West Capital
The deal's key individuals included Ramsey Daya from Newmark representing the borrower, American Realty Advisors, and Mesa West Capital as the lender.
On the Map
$100,000,000
Mixed-use
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Statesboro Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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