Ventron Realty Refinances Multifamily Properties In College Park & Lithonia, GA With $60M Loan
FINANCED
$60,000,000
Georgia
See Similar DealsMultiFamily
Financed 07/19/2022
FINANCED
Ventron Realty Refinances Multifamily Properties In College Park & Lithonia, GA With $60M Loan
2210 Sullivan Road, College Park, Georgia 30337, United States
See Similar DealsMultiFamily
Financed 07/19/2022
Summary
GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan
A $60 million refinancing loan has been secured for a multifamily property located at 2210 Sullivan Rd & 100 Walden Brook Dr in College Park & Lithonia, GA. The property consists of 660 units and is owned by Ventron Realty. The loan term is 10 years with a fixed interest rate.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $60,000,000
- Address: 2210 Sullivan Rd & 100 Walden Brook Dr, College Park & Lithonia, GA
- Market: College Park & Lithonia, GA
- Units: 660
The brokers representing Ventron Realty in this deal are Paul Ahmed and Mackenzie Lampman from CBRE.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,000,000.00
Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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