Updated Oct 28, 2024
Bank Of America Provides $60M Construction Loan For Decatur Multifamily Project
4151 Memorial Drive, Decatur, Georgia 30083, United States
$60,000,000
Units
476
Asset Type
MultiFamily
Closing
Aug 25, 2022
About this deal
AI
The multifamily property located at 4151 Memorial Drive in Decatur, GA has undergone a significant transaction. The asset consists of 476 units and has been involved in a loan deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $60,000,000
- Address: 4151 Memorial Drive, Decatur, GA
- Market: Decatur, GA
- Lender: Bank of America
- Loan Type: Construction
Bank of America provided a loan amount of $60,000,000 for the multifamily property on 4151 Memorial Drive. The loan type for this transaction is construction. This deal highlights the involvement of Bank of America as the lender.
Players
Decatur MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93