Updated Dec 14, 2024
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
$144,200,000
$97,432/SF
Building Size
1,480 SF
Asset Type
MultiFamily
Closing
Oct 29, 2021
About this deal
AI
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.
On the Map
$144,200,000
$97,432/SF
MultiFamily
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Players
Decatur 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93