Updated Dec 4, 2024
Berkadia Secures $42.9M Loan For Acquisition Of Legacy Park Multifamily Property
6750 Legacy Park Drive
$42,900,000
Units
250
Asset Type
MultiFamily
Closing
Oct 26, 2023
About this deal
AI
Berkadia has secured a $29.9 million Freddie Mac loan and $13 million in institutional equity to facilitate the acquisition of Legacy Park, a 250-unit apartment community in Brownsburg, Indiana. The property, located at 6750 Legacy Park Drive, offers a multifamily asset with a total of 250 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,900,000
- Units: 250
- Address: 6750 Legacy Park Drive
- Market: Brownsburg, IN
Chinmay Bhatt, Cody Kirkpatrick, Noam Franklin, and Richard Levine, all representing Berkadia, played key roles in securing the loan and equity for the acquisition of Legacy Park in Brownsburg, Indiana.
On the Map
$42,900,000
MultiFamily
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Players
Brownsburg 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93