Updated Dec 4, 2024
PCCP, LLC Provides $68 Million Construction Loan For 336-Unit Multifamily In Meridian, ID
2600 North Eagle Road, Meridian, Idaho 83646, United States
$68,000,000
Units
336
Asset Type
MultiFamily
Closing
Aug 17, 2022
About this deal
AI
The multifamily property located at 2600 N Eagle Road in Meridian, ID has undergone a closed transaction involving a loan. The property consists of 336 units and is owned by Rockworth Companies & Gasser Family.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $68,000,000
- Address: 2600 N Eagle Road
- Market: Meridian, ID
- Lender: PCCP, LLC - Alexandra Schult
- Landlord: Rockworth Companies & Gasser Family
- Loan Type: Construction loan
Alexandra Schult from PCCP, LLC served as the lender for this transaction. The loan amount for the construction loan was $68,000,000.
Players
Meridian 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93