S2 Capital Secures $54.8M Acquisition Financing For Atlanta Multifamily Property
8800 Dunwoody Place, Sandy Springs, Georgia 30350, United States
$54,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 16, 2022
AI
The multifamily property located at 8800 Dunwoody Place in Atlanta, GA has undergone a closed transaction. The deal involved acquisition financing provided by Acore Capital to the buyer, S2 Capital. The loan amount for this transaction was $54,800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,800,000
- Lender: Acore Capital
- Landlord: S2 Capital
- Broker: Lauren Bresky - Northmarq
- Loan Type: Acquisition financing
Lauren Bresky from Northmarq represented the buyer, S2 Capital, in this transaction. The involvement of Northmarq as the broker showcases their expertise in facilitating multifamily deals in the Atlanta market.
Players
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93