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Colliers International Facilitates $4.9M Fannie Mae Loan For Riverwood Apartments Acquisition In Pleasant Hill

Property Image
FINANCED
$4,900,000
Brett Olson
MH

Iowa

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MultiFamily
Financed 08/17/2023
the dealplayerscompscontact
Property Image
FINANCED

Colliers International Facilitates $4.9M Fannie Mae Loan For Riverwood Apartments Acquisition In Pleasant Hill

680 North Pleasant Hill Boulevard Pleasant Hill, IA 50327, USA

See Similar Deals
MultiFamily
Financed 08/17/2023
Brett Olson
MH
the dealplayerscompscontact
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Summary

IOWA
Asset Type:MultiFamily
Transaction Type:Loan

The Riverwood Apartments in Pleasant Hill, Des Moines have been purchased for $4.9 million. This multifamily property consists of 69 units and is located at 680 N Pleasant Hill Blvd. The acquisition was facilitated by Colliers Mortgage through a $4.9 million Fannie Mae loan.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,900,000
  • Units: 69
  • Address: 680 N Pleasant Hill Blvd
  • Market: Pleasant Hill, IA

Brett Olson and Matt Halberg from Colliers International were the brokers involved in the deal. Their expertise played a crucial role in closing the transaction successfully.

Players

Brett Olson
Grandbridge Real Estate Capital
Brett Olson
3 deals$50.8M volume
BROKER
MH
Colliers
Matt Halberg
1 deal$4.9M volume
BROKER

Details

FINANCED
IMAGE: Brett Olson & Matt Halberg DATE: 08/17/2023 ADDRESS: 680 N Pleasant Hill Blvd MARKET: Pleasant Hill, IA ASSET TYPE: Multifamily ~ UNITS: 69 BROKERS: Brett Olson & Matt Halberg - Colliers International LOAN AMOUNT: $4,900,000 LOAN TYPE: Acquisition NOTE: Colliers Mortgage has facilitated a $4.9 million Fannie Mae loan for the purchase of Riverwood Apartments in Pleasant Hill, Des Moines.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,900,000.00

Monthly NOI$32,666.67
Monthly Debt Service$30,971.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00