Updated Dec 4, 2024
Vantage Point Acquisitions Secures $24.4 Million Refinance Loan From Freddie Mac For 220-Unit Multifamily
101 St George Boulevard
$24,400,000
$24,400,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
Jul 25, 2024
About this deal
AI
The property is a multifamily asset located at 101 St George Boulevard in Savannah, GA, featuring a total of 220 units. The loan for this property was issued for $24,400,000, under a refinance loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $24,400,000
- Lender: Freddie Mac
- Landlord: Vantage Point Acquisitions
- Brokers: Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins, and Hugo Hernandez
- Agency: Berkadia
- Date: 07/25/2024
The brokers representing the deal include Mitch Sinberg, Scott Wadler, Brad Williamson, Matt Robbins, and Hugo Hernandez, all associated with Berkadia, facilitating the refinance with Freddie Mac for the landlord, Vantage Point Acquisitions.
On the Map
$24,400,000
$24,400,000/SF
MultiFamily
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Players
Savannah 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93