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3601 Mercer University Drive

Russell Nova & Igor Zakh Arrange $8.1M Refinance For Macon Multifamily Property
FINANCEDMultiFamily

Russell Nova & Igor Zakh Arrange $8.1M Refinance For Macon Multifamily Property

3601 Mercer University Drive

$8,100,000

$82/SF

Building Size

98,598 SF

Asset Type

MultiFamily

Closing

May 30, 2024

AI

The property involved in the transaction is a Multifamily asset located at 3601 Mercer University Drive in Macon, GA. The loan amount for this property was $8,100,000, and it was a refinance loan with a 5-year fixed term and full term interest only. The loan had a 45-day close period.

Summary of transaction details:

The brokers involved in facilitating the loan were Russell Nova and Igor Zakh from Cornerstone Capital Financing. They worked directly with the sponsors to ensure the underwriting and valuations aligned with the lending requirements. The brokerage's strong lending relationships allowed them to collaborate closely with the bank to optimize deal metrics. Russell Nova serves as the Business Development / Principal contact, reachable at 917-559-1820 or [email protected], while Igor Zakh is the Operations Officer, reachable at 917-567-1646 or [email protected].

Players

Russell Nova

Cornerstone Capital Financing

Broker

$491.1M

vol

76 deals

Broker

Macon 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

1.96%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93