Updated Oct 28, 2024
Lument Provides $29.6M Construction Loan For Macon Multifamily Property
4358 Riverside Drive, Macon, Georgia 31210, United States
$29,600,000
Units
280
Asset Type
MultiFamily
Closing
Sep 27, 2022
About this deal
AI
The multifamily property located at 4358 Riverside Dr in Macon, GA has been involved in a recent loan transaction. The property consists of 280 units and is the subject of a construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,600,000
- Lender: lument''>Lument - James Kelly
- Broker: Daniel Lerer - GFI Realty
The loan amount for this transaction is $29,600,000 and it is classified as a construction loan. James Kelly from Lument is the lender involved in the deal, while Daniel Lerer from GFI Realty represents the buyer as the broker in this transaction.
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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93