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:
- Property Type: Multifamily
- Transaction Amount: $8,100,000
- Landlord: Aran Shasnio
- Brokers: Russell Nova & Igor Zakh - Cornerstone Capital Financing
- Loan Type: Refinance
- Loan Terms: 5 Year Fixed / Full Term Interest Only / 45 DAY CLOSE
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
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