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Monitor Finance Secures $199.1M Fannie Mae Loan For Iowa, Nebraska & South Dakota Multifamily Portfolio

Property Image
FINANCED
$199,100,000

Iowa

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MultiFamily
Financed
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Property Image
FINANCED

Monitor Finance Secures $199.1M Fannie Mae Loan For Iowa, Nebraska & South Dakota Multifamily Portfolio

Iowa City, Iowa, United States

See Similar Deals
MultiFamily
Financed
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Summary

IOWA
Asset Type:MultiFamily
Transaction Type:Loan

A multifamily portfolio in Iowa, Nebraska, and South Dakota has undergone a recent transaction. The property, which is owned by Monitor Finance, was involved in a financing deal with Fannie Mae. Brett Hood of Northmarq represented the landlord in this transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $199,100,000

In addition to the financial aspects, this transaction highlights the collaboration between Monitor Finance, the property owner, and Fannie Mae, the lending institution. Brett Hood, a representative from Northmarq, played a crucial role in facilitating the deal between the parties.

Players

Brett Hood
8 deals$455.6M volume
BROKER

Fannie Mae
LENDER

Details

FINANCED
IMAGE: Brett Hood DATE: 06/28/2022 ADDRESS: Multifamily Portfolio MARKET: Iowa, Nebraska & South Dakota ASSET TYPE: Multifamily LENDER: Fannie Mae LANDLORD: Monitor Finance BROKER: Brett Hood - Northmarq LOAN AMOUNT: $199,100,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$199,100,000.00

Monthly NOI$1,327,333.33
Monthly Debt Service$1,258,447.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00