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Northmarq Refinances Atlanta Multifamily Property On Colonial Homes Circle For $21.1M

Property Image
FINANCED
$21,100,000

Georgia

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MultiFamily
Financed 11/15/2022
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Property Image
FINANCED

Northmarq Refinances Atlanta Multifamily Property On Colonial Homes Circle For $21.1M

177 N Colonial Homes Cir NW, Atlanta, Georgia 30309, United States

See Similar Deals
MultiFamily
Financed 11/15/2022
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

N
Northmarq
LENDER

Details

FINANCED
IMAGE: Faron Thompson DATE: 11/15/2022 ADDRESS: 177 N. Colonial Homes Circle NW MARKET: Atlanta, GA ASSET TYPE: Multifamily ~ UNITS: 128 LENDER: Northmarq - Faron Thompson LOAN AMOUNT: $21,100,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$21,100,000.00

Monthly NOI$140,666.67
Monthly Debt Service$133,366.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00