Berkadia Proprietary Lending Group Provides $36M Bridge Loan For Hillpointe Multifamily In Macon, GA
5560 Riverside Drive
$36,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 31, 2023
AI
The property involved in this transaction is a multifamily building located at 5560 Riverside Drive in Macon, GA. It consists of 276 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $36,000,000
- Address: 5560 Riverside Drive, Macon, GA
- Market: Macon, GA
- Lender: berkadia'>Berkadia Proprietary Lending Group
- Borrower: Jeff Goll & Steven Campisi - Hillpointe
- Brokers: Wesley Moczul & Michael Weinberg - Berkadia
- Loan Type: Bridge Loan
The loan amount for this transaction is $36,000,000, and it is a bridge loan provided by Berkadia Proprietary Lending Group. The borrowers are Jeff Goll & Steven Campisi from Hillpointe, and they were represented by Wesley Moczul & Michael Weinberg from Berkadia.
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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93