Updated Dec 21, 2023
Marcus & Millichap Capital Corporation Secures $9.2M Loan For Multifamily Property In Cedar Falls, Iowa
200 West 1st Street, Cedar Falls, Iowa 50613, United States
$9,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 5, 2022
About this deal
AI
A multifamily property located at 200 West 1st Street in Cedar Falls, Iowa recently secured a loan. The loan was facilitated by Marcus & Millichap Capital Corporation, with Robert Bhat representing the firm. The loan amount for this transaction was $9,200,000, with a 10-year fixed term and an interest rate of 3.75 percent. The loan-to-value ratio was 75 percent, and the amortization period was set at 30 years.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Loan Terms: 10-year fixed, interest rate of 3.75 percent, 75-percent LTV, 30-year amortization
This successful loan transaction demonstrates the ongoing activity and investment taking place in Cedar Falls, Iowa's multifamily market. The involvement of Marcus & Millichap Capital Corporation, with Robert Bhat representing the firm, highlights the expertise and professionalism that contributed to the conclusion of this deal.
Cedar Falls 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93