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7400 Snow Bend Ave

Four Mile Capital And Midloch Investment Partners Acquire Frontgate Apartments In Louisville For $38.25M
SOLDMultiFamily

Four Mile Capital And Midloch Investment Partners Acquire Frontgate Apartments In Louisville For $38.25M

7400 Snow Bend Ave

$38,250,000

Building Size

Asset Type

MultiFamily

Closing

Jul 9, 2026

AI

The property asset involved in this transaction is the Frontgate Apartments, a multi-family complex located at 7400 Snow Bend Ave in the Louisville, KY market. The property consists of 212 units and was sold for $38,250,000, translating to a price per unit of $180,425. The buyer also took over an existing HUD-backed loan of $27 million associated with the property.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $38,250,000
  • Units: 212
  • Price Per Unit: $180,425
  • Buyer: Christopher W. Geer - Four Mile Capital & Andy Sinclair - Midloch Investment Partners
  • Seller: Affiliate of Overlook Development
  • Loan Amount Assumed: $27,000,000

The transaction involved notable participants, with Christopher W. Geer representing Four Mile Capital and Andy Sinclair representing Midloch Investment Partners in the acquisition of the property. The seller is an affiliate of Overlook Development, signifying collaboration among established entities in the real estate sector.

Players

Andy Sinclair

Midloch Investment Partners

Buyer

$87.1M

vol

3 deals

Buyer

Mechanicsville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93