Updated Sep 11, 2026
Eli Osdoba Of Harborview Capital Partners Closes $22.6M Refinance For 280-Unit Multifamily In Stone Mountain
1075 North Hairston Road
$22,600,000
Units
280
Asset Type
MultiFamily
Closing
Sep 8, 2026
About this deal
AI
The transaction involves a 280-unit multifamily property located at 1075 North Hairston Road in Stone Mountain, GA. The property was refinanced with a loan amount of $22,600,000, allowing for significant cash-out proceeds while implementing a long-term structure. The loan is a 5-year, full-term interest-only CMBS loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,600,000
- Loan Type: Refinance
- Loan Terms: 5 year term, interest only with a large cash out
- Units: 280
- Address: 1075 North Hairston Road
- Market: Stone Mountain
- Broker: Eli Osdoba - Harborview Capital Partners
Eli Osdoba, serving as the Senior Originator at Harborview Capital Partners, successfully closed the refinance of the Nissan Golden Gate property. His expertise in navigating complex transactions allowed for the successful structuring of the loan, and Harborview Capital Partners is noted for providing comprehensive capital solutions across the United States, with offices located in New York and Florida.
Stone Mountain 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93