Icer Properties Acquires Multifamily Portfolio In GA For $105M With Meridian Capital Group As Brokers
FINANCED
$105,000,000
Georgia
See Similar DealsMultiFamily
Financed 01/24/2022
FINANCED
Icer Properties Acquires Multifamily Portfolio In GA For $105M With Meridian Capital Group As Brokers
2909 Campbellton Road Southwest
See Similar DealsMultiFamily
Financed 01/24/2022
Summary
GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 2909 Campbellton Rd. SW, 330 Arrowhead Blvd., and 6655 Mt Zion Blvd. in Georgia recently underwent a closed transaction. The property consists of 902 units and was acquired through an acquisition loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $105,000,000
- Address: 2909 Campbellton Rd. SW, 330 Arrowhead Blvd., and 6655 Mt Zion Blvd.
- Market: Georgia
- Units: 902
Icer Properties, represented by Joseph Jemal, acted as the landlord in this transaction. The brokers involved in the deal were Cary Pollack and Judah Neuman from Meridian Capital Group. The loan amount for this acquisition was $105,000,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$105,000,000.00
Monthly NOI$700,000.00
Monthly Debt Service$663,671.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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