Updated Oct 29, 2024
Northmarq Refinances Atlanta Multifamily Property On Colonial Homes Circle For $21.1M
177 N Colonial Homes Cir NW, Atlanta, Georgia 30309, United States
$21,100,000
Units
128
Asset Type
MultiFamily
Closing
Nov 15, 2022
About this deal
AI
The multifamily property located at 177 N. Colonial Homes Circle NW in Atlanta, GA has undergone a refinancing transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,100,000
- Units: 128
- Lender: Northmarq - Faron Thompson
Faron Thompson from Northmarq served as the representative for the lender in this transaction.
The multifamily loan at 177 N Colonial Homes Cir NW, Atlanta, Georgia 30309, United States in Atlanta, Georgia financed for $21.1M in 2022. Reported inventory is 128 units across 128 units. This page is the Atlanta, Georgia file for the 177 N Colonial Homes Cir NW, Atlanta, Georgia 30309, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Atlanta sit in the Market section below. Filter that Atlanta multifamily set by closing date to see what else financed near 177 N Colonial Homes Cir NW, Atlanta, Georgia 30309, United States around 2022. Published consideration for 177 N Colonial Homes Cir NW, Atlanta, Georgia 30309, United States is $21.1M, dated 2022. Cite this Northmarq Refinances Atlanta Multifamily Property On Colonial Homes Circle For $21.1M loan when underwriting similar multifamily product around Atlanta, Georgia.
On the Map
$21,100,000
MultiFamily
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Atlanta MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93