Avalon McLeod Secures $1.09M Acquisition Loan For Sandy Springs Single Family Property
5390 Harrowood Lane Northwest
$1,093,590
$286/SF
Building Size
3,816 SF
Asset Type
Single Family
Closing
Feb 14, 2024
AI
The property located at 5390 Harrowood Lane Northwest in Sandy Springs, GA, is a Single Family home spanning 3,816 square feet. The acquisition involved a loan amount of $1,093,590 provided by House Max and facilitated by Kaleb Provence of House Max. The broker for the transaction was Avalon McLeod from McLeod Capital Lending.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,093,590
- Landlord: Loren Bright
- Lender: House Max - Kaleb Provence
- Broker: Avalon McLeod - McLeod Capital Lending
- Loan Type: Acquisition
- Loan Terms: 12 Months
The loan for the property acquisition was facilitated by Kaleb Provence of House Max, providing financial support for the transaction. Avalon McLeod, representing McLeod Capital Lending, played a crucial role in brokering the deal, ensuring a smooth process for all parties involved in the real estate transaction.
Players
Atlanta Single Family Market Snapshot
Boundary boundary · Single Family · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.51%
Cash-on-Cash
-4.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93