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101 St George Boulevard

Vantage Point Acquisitions Secures $24.4 Million Refinance Loan From Freddie Mac For 220-Unit Multifamily
FINANCEDMultiFamily

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

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:

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.

Players

Brad Williamson

Berkadia

Broker

$7.1B

vol

114 deals

Broker
Freddie Mac
Freddie MacLender

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