Westside Capital Group Secures $104.5M Acquisition Loan For Atlanta Multifamily
FINANCED
$104,500,000
Georgia
See Similar DealsMultiFamily
Financed 07/08/2022
FINANCED
Westside Capital Group Secures $104.5M Acquisition Loan For Atlanta Multifamily
2025 Peachtree Road
See Similar DealsMultiFamily
Financed 07/08/2022
Summary
GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 2025 Peachtree Rd in Atlanta, GA has been involved in a recent loan transaction. The property, owned by Westside Capital Group, was acquired through an acquisition loan provided by Harbor Group International. The loan amount for this transaction was $104,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $104,500,000
- Address: 2025 Peachtree Rd, Atlanta, GA
- Market: Atlanta, GA
- Lender: Harbor Group International
- Landlord: Westside Capital Group
- Brokers: Charles Foschini, Chris Apone & Shannon Wilson - Berkadia
- Loan Type: Acquisition
The loan transaction was facilitated by Berkadia's brokers, Charles Foschini, Chris Apone, and Shannon Wilson. Their expertise and representation played a crucial role in bringing together the parties involved in this acquisition loan deal.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$104,500,000.00
Monthly NOI$696,666.67
Monthly Debt Service$660,511.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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