facebook
Traded Co logo
Submit

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

Property Image
FINANCED
$8,100,000

Georgia

See Similar Deals
MultiFamily98,598 SF
Financed 05/30/2024
the dealplayerscompscontact
Property Image
FINANCED

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

3601 Mercer University Drive

See Similar Deals
MultiFamily98,598 SF
Financed 05/30/2024
Contact now

Summary

GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$82
Total Square Footage:98,598 SF
Transaction Type:Loan

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
76 deals$491.1M volume
BROKER

Igor Zakh
Cornerstone Capital Financing
46 deals$287.8M volume
BROKER

Details

FINANCED
IMAGE: Russell Nova & Igor Zakh DATE: 05/30/2024 ADDRESS: 3601 Mercer University Drive MARKET: Macon, GA ASSET TYPE: Multifamily LANDLORD: Aran Shasnio BROKERS: Russell Nova (@RussellNova) & Igor Zakh (@Igor_Zakh) - Cornerstone Capital Financing (@CornerstoneCapitalofNY) LOAN AMOUNT: $8,100,000 LOAN TYPE: Refinance LOAN TERMS: $8,100,000 Loan Amount / 5 Year Fixed / Full Term Interest Only / 45 DAY CLOSE NOTE FROM BROKER: @CornerstoneCapitalofNY Financing on this 133 Unit Multifamily Property in Macon GA. We worked directly with the sponsors to ensure our Underwriting and Valuations came to par with the Lending Requirements. Our Strong Lending Relationship allows us to work closely with the Bank and reduce DY / DSCR and Spread to ensure deal metrics are in place. In today's credit environment, having a Debt Advisory Firm that has strong lending relationships is more crucial than ever. We have an Underwriting Team, Loan Coordinators, Credit Managers, Relationship Mangers, Operations and Business Development. Contact US and yourself at the Russell Nova, Business Development / Principal 917 559 1820 - Cell [email protected] Igor Zakh, Operations Officer 917 567 1646 - Cell [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,100,000.00

Monthly NOI$54,000.00
Monthly Debt Service$51,197.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00