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1601 Leverett Road

Berkadia’s Proprietary Lending Group Provides $36.7M Bridge Loan For Warner Robins Multifamily
FINANCEDMultiFamily

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

Michael Weinberg

Berkadia

Broker

$933.1M

vol

21 deals

Broker
Berkadia
BerkadiaLender
Hillpointe
HillpointeLandlord

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