Ventron Realty Refinances Multifamily Properties In College Park & Lithonia, GA With $60M Loan
2210 Sullivan Road, College Park, Georgia 30337, United States
$60,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 18, 2022
AI
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.
Players
Atlanta MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93