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5560 Riverside Drive

Berkadia Proprietary Lending Group Provides $36M Bridge Loan For Hillpointe Multifamily In Macon, GA
FINANCEDMultiFamily

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

Michael Weinberg

Berkadia

Broker

$933.1M

vol

21 deals

Broker
Berkadia
BerkadiaLender
Hillpointe
HillpointeLandlord

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