Updated Oct 28, 2024
Thorofare Capital Inc Provides $28M Construction Financing For 189-Unit Multifamily In Louisville, KY
314 South Shelby Street, Louisville, Kentucky 40202, United States
$28,000,000
Units
189
Asset Type
MultiFamily
Closing
Aug 9, 2022
About this deal
AI
The multifamily property located at 314 S Shellby St in Louisville, KY has been involved in a loan transaction. The loan, provided by Thorofare Capital Inc, was for the purpose of construction financing. The loan amount was $28,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,000,000
- Units: 189
- Lender: Thorofare Capital Inc - David Perlman, Jacob Yi & Paul Kim
- Landlord: Weyland Ventures
The loan transaction was facilitated by David Perlman, Jacob Yi, and Paul Kim from Thorofare Capital Inc. Weyland Ventures acted as the landlord in this deal.
Players
Louisville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93