Northmarq Arranges $26.9M Refinance Loan For Multifamily Property In Topeka, KS
1310 Southwest Overlook Drive, Topeka, Kansas 66615, United States
$26,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 31, 2022
AI
A multifamily property located at 1310 SW Overlook Dr in Topeka, KS has undergone a refinance transaction. The property consists of 318 units and was represented by Dan Trebil from Northmarq. The loan amount for the refinance was $26,900,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,900,000
- Units: 318
- Broker: Dan Trebil - Northmarq
This refinance loan transaction took place on a multifamily property located at 1310 SW Overlook Dr in Topeka, KS. The property, comprising of 318 units, successfully secured a loan amount of $26,900,000. The transaction was facilitated by Dan Trebil, representing Northmarq.
Players
Topeka MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93