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2948 Delmar Lane Northwest

Edward Streit Of Hardwell Capital Arranges $23.454M Bridge Loan In Atlanta
FINANCEDMultiFamily

Edward Streit Of Hardwell Capital Arranges $23.454M Bridge Loan In Atlanta

2948 Delmar Lane Northwest & 3060 Delmar Lane Northwest

$23,454,000

$46/SF

Building Size

251,526 SF

Asset Type

MultiFamily

Closing

Jun 14, 2024

AI

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.

Players

Edward Streit

Broker

$54.4M

vol

4 deals

Broker

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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93