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H&A Properties Acquires Multifamily Property In South Bend, Ind For $66M Loan

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FINANCED
$66,000,000

Indiana

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MultiFamily1,010 SF
Financed 09/27/2021
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Property Image
FINANCED

H&A Properties Acquires Multifamily Property In South Bend, Ind For $66M Loan

3001 East Jefferson Boulevard, Portage Township, Indiana, USA

See Similar Deals
MultiFamily1,010 SF
Financed 09/27/2021
the dealplayerscompscontact
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Summary

INDIANA
Asset Type:MultiFamily
Price Per Square Foot:$65,346
Total Square Footage:1,010 SF
Transaction Type:Loan

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

Columbia Pacific Advisors
Columbia Pacific Advisors
LENDER

Details

FINANCED
IMAGE: Will Nelson DATE: 09/27/2021 ADDRESS: 3001 East Jefferson Boulevard MARKET: South Bend, Ind ASSET TYPE: Multifamily ~ UNITS: 739 ~ ACRES: 47 LENDER: Columbia Pacific Advisors - Will Nelson LANDLORD: H&A Properties - Avromi Klor & Hannah Van LOAN AMOUNT: $66,000,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$66,000,000.00

Monthly NOI$440,000.00
Monthly Debt Service$417,164.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00