Westside Capital Group Secures $104.5M Acquisition Loan For Atlanta Multifamily
2025 Peachtree Road
$104,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 8, 2022
AI
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
Atlanta MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93