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5110 Garrard Avenue

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

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

5110 Garrard Avenue

$27,700,000

Building Size

Asset Type

MultiFamily

Closing

Nov 27, 2023

AI

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

Freddie Mac
Freddie MacLender

Jeronimo Hirschfeld

One Real Estate Investment

Landlord

$62.5M

vol

4 deals

Landlord

Savannah 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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93