Roers Cos Secures $61.8M Loan For Multifamily Property In Louisville, KY
FINANCED
$61,800,000
Kentucky
See Similar DealsMultiFamily
Financed 09/14/2022
FINANCED
Roers Cos Secures $61.8M Loan For Multifamily Property In Louisville, KY
375 West Whitney Avenue, Louisville, Kentucky 40215, United States
See Similar DealsMultiFamily
Financed 09/14/2022
Summary
KENTUCKY
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 375 West Whitney Avenue in Louisville, KY has recently undergone a transaction. The property consists of 264 units and is owned by Roers Cos.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $61,800,000
- Address: 375 West Whitney Avenue, Louisville, KY
- Market: Louisville, KY
- Lender: Square Mile Capital Management
- Brokers: Gary Sefcik & Phillip Gause - Marcus & Millichap
The loan for this transaction was provided by Square Mile Capital Management. The brokers representing the deal were Gary Sefcik and Phillip Gause from Marcus & Millichap.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$61,800,000.00
Monthly NOI$412,000.00
Monthly Debt Service$390,618.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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