Monitor Finance Secures $199.1M Fannie Mae Loan For Iowa, Nebraska & South Dakota Multifamily Portfolio
Iowa City, Iowa, United States
$199,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 27, 2022
AI
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
Iowa City 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93