Northmarq Arranges $26.9M Refinance Loan For Multifamily Property In Topeka, KS
FINANCED
$26,900,000
Kansas
See Similar DealsMultiFamily
Financed 08/01/2022
FINANCED
Northmarq Arranges $26.9M Refinance Loan For Multifamily Property In Topeka, KS
1310 Southwest Overlook Drive, Topeka, Kansas 66615, United States
See Similar DealsMultiFamily
Financed 08/01/2022
Summary
KANSAS
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,900,000.00
Monthly NOI$179,333.33
Monthly Debt Service$170,026.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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