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CBRE Investment Management Provides $37.2M Mortgage Loan For Roswell Multifamily Property

Property Image
FINANCED
$37,200,000
Kyle Schlitt
Matthew (Matt) Williams

Georgia

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MultiFamily218,412 SF
Financed 11/10/2021
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Property Image
FINANCED

CBRE Investment Management Provides $37.2M Mortgage Loan For Roswell Multifamily Property

11251 Alpharetta Hwy, Roswell, GA, USA

See Similar Deals
MultiFamily218,412 SF
Financed 11/10/2021
Kyle Schlitt
Matthew (Matt) Williams
the dealplayerscompscontact
Contact now

Summary

GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$170
Total Square Footage:218,412 SF
Transaction Type:Loan

The multifamily property located at 11251 Alpharetta Hwy in Roswell, Georgia has recently undergone a closed transaction. The property consists of 236 units and is owned by TerraCap Management. The deal involved a mortgage loan provided by CBRE Investment Management. The loan amount was $37,200,000, and it is a floating rate loan with an initial term of four years.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $37,200,000
  • Address: 11251 Alpharetta Hwy, Roswell, Georgia
  • Market: Roswell, Georgia
  • Units: 236

Charles Kim from CBRE Investment Management served as the lender for the loan. Matt Williams and Kyle Schlitt from Newmark represented the landlord, TerraCap Management, in the deal.

Players

Matthew (Matt) Williams
Newmark
Matthew Williams
12 deals$956.3M volume
BROKER
Kyle Schlitt
Newmark
Kyle Schlitt
11 deals$728.7M volume
BROKER
CBRE
CBRE
LENDER
TerraCap Management
TerraCap Management
LANDLORD

Details

FINANCED
IMAGE: Matt Williams, Charles Kim & Kyle Schlitt DATE: 11/10/2021 ADDRESS: 11251 Alpharetta Hwy MARKET: Roswell, Georgia ASSET TYPE: Multifamily ~ UNITS: 236 LENDER: CBRE Investment Management - Charles Kim LANDLORD: TerraCap Management LANDLORD'S REP: Matt Williams & Kyle Schlitt - Newmark LOAN AMOUNT: $37,200,000 LOAN TYPE: Mortgage LOAN TERMS: floating rate loan has an initial term of four years

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$37,200,000.00

Monthly NOI$248,000.00
Monthly Debt Service$235,129.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00