Berkadia’s Proprietary Lending Group Provides $36.7M Bridge Loan For Warner Robins Multifamily
1601 Leverett Road
$36,790,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 11, 2023
AI
The multifamily property located at 1601 Leverett Road in Warner Robins, GA was involved in a loan transaction. The property comprises 288 units.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $36,790,000
The loan for this property was provided by Berkadia’s Proprietary Lending Group. It was a bridge loan with a term of 2 years. The loan had a competitive floating rate and offered extensions. The terms also included full-term interest only.
The developers for this project were Steven Campisi and Jeff Goll from Hillpointe. Michael Weinberg and Wesley Moczul from Berkadia represented the parties involved in this loan transaction.
Players
Warner Robins MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93