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680 North Pleasant Hill Bou...

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

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

$4,900,000

Building Size

Asset Type

MultiFamily

Closing

Aug 17, 2023

AI

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

Broker

$50.8M

vol

3 deals

Broker

Pleasant Hill MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.24%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93