Updated May 12, 2025
Lument Refinances Multifamily Property In Warner Robins, GA For $52.1M
75 Martin Luther King Jr Boulevard Warner Robins, Georgia 31088, USA
$52,100,000
Units
671
Asset Type
MultiFamily
Closing
May 24, 2023
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 75 Martin Luther King Jr Blvd, Warner Robins, GA, comprising 671 units. The refinancing loan amount for this property is $52,100,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $52,100,000
- Lender: Lument
- Lender Representative: Steve Beltran
- Loan Type: Refinance
The deal was facilitated by Steve Beltran, representing Lument as the lender. This refinancing transaction allows for improved financial structuring for the multifamily asset.
On the Map
$52,100,000
MultiFamily
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Players
Warner Robins 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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93