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5 SE Martin Luther King Jr ...

American Realty Advisors Secures $100M Loan For Mixed-Use Property In Statesboro
FINANCEDMixed-use

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

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.

Players

Ramsey Daya

Newmark

Broker

$2.6B

vol

12 deals

Broker
Mesa West Capital
Mesa West CapitalLender

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