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5390 Harrowood Lane Northwest

Avalon McLeod Secures $1.09M Acquisition Loan For Sandy Springs Single Family Property
FINANCEDSingle Family

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

Avalon McLeod

McLeod Capital Lending

Broker

$10.4M

vol

5 deals

Broker
House Max
House MaxLender

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