Updated Oct 28, 2024
H&A Properties Acquires Multifamily Property In South Bend, Ind For $66M Loan
3001 East Jefferson Boulevard, Portage Township, Indiana, USA
$66,000,000
$65,346/SF
Building Size
1,010 SF
Asset Type
MultiFamily
Closing
Sep 27, 2021
About this deal
AI
The multifamily property located at 3001 East Jefferson Boulevard in South Bend, Indiana was involved in a recent transaction. The property spans 47 acres and consists of 739 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $66,000,000
- Lender: Columbia Pacific Advisors - Will Nelson
- Landlord: H&A Properties - Avromi Klor & Hannah Van
- Loan Type: Acquisition
Will Nelson from Columbia Pacific Advisors served as the lender for this transaction. Avromi Klor and Hannah Van, representing H&A Properties, acted as the landlords. This acquisition was financed through a loan of $66,000,000.
Players
South Bend 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93