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Jeronimo Hirschfeld's One Real Estate Investment Secures $27.7M Freddie Mac Loan For 300-Unit Multifamily In Savannah, GA

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FINANCED
$27,700,000

Georgia

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MultiFamily
Financed 11/27/2023
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FINANCED

Jeronimo Hirschfeld's One Real Estate Investment Secures $27.7M Freddie Mac Loan For 300-Unit Multifamily In Savannah, GA

5110 Garrard Avenue

See Similar Deals
MultiFamily
Financed 11/27/2023
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan

Jeronimo Hirschfeld, CEO of One Real Estate Investment, has acquired the multifamily property known as Canvas at Savannah in Savannah, GA. The property, located at 5110 Garrard Avenue, consists of 300 units. The transaction was funded by a $27.7 million loan provided by Freddie Mac, with CBRE acting as the arranging broker.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $27,700,000
  • Loan Provider: Freddie Mac
  • Landlord: Jeronimo Hirschfeld - One Real Estate Investment
  • Broker: CBRE
  • Market: Savannah, GA

This acquisition marks an important milestone for Jeronimo Hirschfeld and his company, One Real Estate Investment. The Canvas at Savannah apartment complex offers 300 units in a prime location in Savannah, GA. With the support of the $27.7 million loan from Freddie Mac, Hirschfeld was able to secure this valuable asset. CBRE played a key role in arranging the loan and facilitating the transaction between the parties involved.

Players

LENDER

4 deals$62.5M volume
LANDLORD

Details

FINANCED
IMAGE: Jeronimo Hirschfeld DATE: 11/27/2023 ADDRESS: 5110 Garrard Avenue MARKET: Savannah, GA ASSET TYPE: Multifamily ~ UNITS: 300 LENDER: Freddie Mac LANDLORD: Jeronimo Hirschfeld - One Real Estate Investment BROKER: CBRE LOAN AMOUNT: $27,700,000 NOTE: One Real Estate Investment has acquired the 300-unit Canvas at Savannah apartment complex in Savannah, Ga., funded by a $27.7 million Freddie Mac loan arranged by CBRE.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$27,700,000.00

Monthly NOI$184,666.67
Monthly Debt Service$175,082.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00