Updated Mar 17, 2025
ACRE Provides $26.5M Loan For Multifamily Property At 1501 Montgomery St. In Savannah, GA
1501 Montgomery Street Savannah, Georgia 31401, USA
$26,500,000
Units
135
Asset Type
MultiFamily
Closing
May 24, 2023
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 1501 Montgomery Street in Savannah, GA. The property consists of 135 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,500,000
- Address: 1501 Montgomery Street, Savannah, GA
- Market: Savannah, GA
- Units: 135
The lender for this transaction was ACRE, while JLL Capital Markets acted as the broker. No additional details about the individuals involved in the deal were provided.
The multifamily loan at 1501 Montgomery Street Savannah, Georgia 31401, USA in Savannah, Georgia financed for $26.5M in 2023. Reported inventory is 135 units across 135 units. This page is the Savannah, Georgia file for the 1501 Montgomery Street Savannah, Georgia 31401, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Savannah sit in the Market section below. Filter that Savannah multifamily set by closing date to see what else financed near 1501 Montgomery Street Savannah, Georgia 31401, USA around 2023. Published consideration for 1501 Montgomery Street Savannah, Georgia 31401, USA is $26.5M, dated 2023. Cite this ACRE Provides $26.5M Loan For Multifamily Property At 1501 Montgomery St. In Savannah, GA loan when underwriting similar multifamily product around Savannah, Georgia.
Players
Savannah MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93