Updated Mar 11, 2025
IBorrow Provides $11.6M Acquisition Loan For College Park Multifamily Property
5271 W Fayetteville Rd College Park, GA
$11,600,000
Units
92
Asset Type
MultiFamily
Closing
Aug 9, 2022
About this deal
AI
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
Atlanta 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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93