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IBorrow Provides $11.6M Acquisition Loan For College Park Multifamily Property

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FINANCED
$11,600,000

Georgia

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MultiFamily
Financed 08/10/2022
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Property Image
FINANCED

IBorrow Provides $11.6M Acquisition Loan For College Park Multifamily Property

5271 W Fayetteville Rd College Park, GA

See Similar Deals
MultiFamily
Financed 08/10/2022
the dealplayerscompscontact
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 5271 W Fayetteville Rd in College Park, GA has recently undergone a loan transaction. The loan was provided by iborrow''>iBorrow for the purpose of acquiring the property. The loan amount for this transaction was $11,600,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $11,600,000
  • Units: 92
  • Address: 5271 W Fayetteville Rd
  • Market: College Park, GA

iBorrow served as the lender for this acquisition loan. The deal involved the purchase of the 92-unit multifamily property located at 5271 W Fayetteville Rd in College Park, GA. The transaction amount for this acquisition was $11,600,000.

Players

iBorrow
iBorrow
LENDER

Details

FINANCED
IMAGE: 08/10/2022 ADDRESS: 5271 W Fayetteville Rd MARKET: College Park, GA ASSET TYPE: Multifamily ~ UNITS: 92 LENDER: iBorrow LOAN AMOUNT: $11,600,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,600,000.00

Monthly NOI$77,333.33
Monthly Debt Service$73,319.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00