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2025 Peachtree Road

FINANCEDMultiFamily

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

Charles Foschini

Berkadia

Broker

$3.3B

vol

60 deals

Broker
Westside Capital Group
Westside Capital GroupLandlord

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