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LaSalle Investment Management Provides $96.7M Loan For Louisville Multifamily Properties Managed By Joseph Waldman
FINANCED
$96,700,000
Kentucky
See Similar DealsMultiFamily
Financed 01/21/2026
FINANCED
LaSalle Investment Management Provides $96.7M Loan For Louisville Multifamily Properties Managed By Joseph Waldman
6106 South Watterson Trail, 12306 Glengrove Cir & 7703 Cedar Creek Road
See Similar DealsMultiFamily
Financed 01/21/2026
Summary
KENTUCKY
Asset Type:MultiFamily
Transaction Type:Loan
A multi-family asset located at 6106 South Watterson Trail, 12306 Glengrove Cir, and 7703 Cedar Creek Road in Louisville, KY, comprises a total of 640 units. The property was financed through a significant loan amounting to $96,700,000 provided by LaSalle Investment Management.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $96,700,000
- Lender: LaSalle Investment Management
- Landlord: Joseph Waldman - Highgates Group
- Broker: Jonathan Zilber - Walker & Dunlop
This transaction involved LaSalle Investment Management, which utilized its LaSalle Real Estate Credit Strategies REIT for the mortgage financing. Notably, the REIT has raised over $700 million in capital commitments designated for senior loans across the country.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$96,700,000.00
Monthly NOI$644,666.67
Monthly Debt Service$611,209.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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