facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Georgia

/

Multifamily

/

Loan

/

788 West Marietta St NW Atl...

Thorofare Capital Provides $52.15M Refinancing Loan For 142-unit Multifamily Property At 788 West Marietta Street In Atlanta
FINANCEDMultiFamily

Thorofare Capital Provides $52.15M Refinancing Loan For 142-unit Multifamily Property At 788 West Marietta Street In Atlanta

788 West Marietta St NW Atlanta, GA 30318, USA

$52,150,000

Building Size

Asset Type

MultiFamily

Closing

Jul 7, 2023

AI

A multifamily property with 142 units located at 788 West Marietta Street Northwest in Atlanta, Georgia has undergone a refinancing transaction. The property, situated in the Atlanta market, has successfully secured a loan of $52,150,000.

Summary of transaction details

The refinancing deal for the multifamily property at 788 West Marietta Street Northwest in Atlanta, Georgia was facilitated by the lender, Thorofare Capital. Representing the lender were David Perlman, Eddie Prosser, and Scott Sumida. The brokers involved in the transaction were Drew Anderman, Benjamin Nevid, Naphtali Marrus, and Elliot Braude, who served as representatives from the Meridian Capital Group.

Players

Drew Anderman

CBRE

Broker

$5.5B

vol

41 deals

Broker
Thorofare Capital
Thorofare CapitalLender

Atlanta MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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