Updated Oct 29, 2024
Greystone Secures $42.3M Fannie Mae Loan For 286-Unit Multifamily Property In Louisville, KY
800 South 4th Street Louisville, Kentucky 40201, Usa
$42,257,000
Units
286
Asset Type
MultiFamily
Closing
Jul 14, 2023
About this deal
AI
A multifamily property located at 800 South 4th Street in Louisville, Kentucky has secured a $42,257,000 Fannie Mae loan. The property known as 800 Tower City Club Apartments consists of 286 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $42,257,000
- Address: 800 South 4th Street
- Market: Louisville, KY
- Units: 286
The loan was originated by Greystone's Managing Director Anthony Cristi on behalf of 800 City Apartments LLC. The loan offers a ten-year term, 30-year amortization, and three years of interest-only payments. This financing arrangement will support the ongoing operations and management of the 800 Tower City Club Apartments.
Players
Camden MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Greystone to view all their deals.
Browse Camden multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93