Nicholas SunTx RE Partners II And Prizma Capital Secure $144.2M Acquisition Loan For Multifamily Portfolio In Decatur, GA And Dallas, TX
FINANCED
$144,200,000
Georgia
See Similar DealsMultiFamily1,480 SF
Financed 10/29/2021
FINANCED
Nicholas SunTx RE Partners II And Prizma Capital Secure $144.2M Acquisition Loan For Multifamily Portfolio In Decatur, GA And Dallas, TX
2740 East College Avenue, Decatur, GA, USA
See Similar DealsMultiFamily1,480 SF
Financed 10/29/2021
Summary
GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$97,432
Total Square Footage:1,480 SF
Transaction Type:Loan
2740 E. College Ave & 3900 W. Northwest Highway, located in Decatur, GA & Dallas, TX, is a multifamily property consisting of 743 units. The property was recently involved in a closed transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $144,200,000
- Lender: Square Mile Capital - Tom Burns
- Borrower: Nicholas SunTx RE Partners II & Prizma Capital
- Loan Type: Acquisition
The loan for this transaction was provided by Square Mile Capital, represented by Tom Burns. The borrower on the deal was Nicholas SunTx RE Partners II and Prizma Capital. The loan amount for the acquisition was $144,200,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$144,200,000.00
Monthly NOI$961,333.33
Monthly Debt Service$911,442.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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