Edward Streit Of Hardwell Capital Arranges $23.454M Bridge Loan In Atlanta
FINANCED
$23,454,000
Georgia
See Similar DealsMultiFamily503,052 SF
Financed 06/14/2024
FINANCED
Edward Streit Of Hardwell Capital Arranges $23.454M Bridge Loan In Atlanta
2948 Delmar Lane Northwest & 3060 Delmar Lane Northwest
See Similar DealsMultiFamily503,052 SF
Financed 06/14/2024
Summary
GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$46
Total Square Footage:503,052 SF
Transaction Type:Loan
The multifamily property located at 2948-3060 Delmar Lane Northwest in Atlanta, GA, spans 251,526 square feet and consists of 314 units. The recent transaction involved a bridge loan of $23,454,000 facilitated by Edward Streit from Hardwell Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,454,000
- Address: 2948-3060 Delmar Lane Northwest
- Market: Atlanta, GA
- Units: 314
- Square Footage: 251,526
- Broker: Edward Streit - Hardwell Capital
- Loan Type: Bridge Loan
The involvement of Edward Streit from Hardwell Capital as the broker overseeing the bridge loan transaction exemplifies the expertise and meticulous approach taken in successfully managing the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,454,000.00
Monthly NOI$156,360.00
Monthly Debt Service$148,245.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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