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
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