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
- Property Type: MultiFamily
- Transaction Amount: $52,150,000
- Units: 142
- Lender: Thorofare Capital
- Lender Representatives: David Perlman, Eddie Prosser, and Scott Sumida
- Brokers: Drew Anderman, Benjamin Nevid, Naphtali Marrus, and Elliot Braude
- Brokerage Agency: Meridian Capital Group
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
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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93