Roers Cos Secures $61.8M Loan For Multifamily Property In Louisville, KY
375 West Whitney Avenue, Louisville, Kentucky 40215, United States
$61,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 13, 2022
AI
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.
Players
Louisville 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93