Voya Refinances Mixed-Use Property In New Orleans For $31.3M
FINANCED
$31,300,000
+ 1
Louisiana
See Similar DealsMixed-use284,000 SF
Financed 11/02/2021
FINANCED
Voya Refinances Mixed-Use Property In New Orleans For $31.3M
812 Gravier Street, New Orleans, Louisiana, USA
See Similar DealsMixed-use284,000 SF
Financed 11/02/2021
+ 1
Summary
LOUISIANA
Asset Type:Mixed-use
Price Per Square Foot:$110
Total Square Footage:284,000 SF
Transaction Type:Loan
The mixed-use property located at 812 Gravier Street in New Orleans, Louisiana, has recently undergone a refinancing transaction. This property encompasses 175 multifamily units and serves as a valuable asset in the real estate market.
Summary of transaction details
- Property Type: Mixed-Use (175 Multifamily Units)
- Transaction Amount: $31,300,000
- Address: 812 Gravier Street
- Market: New Orleans, Louisiana
The refinancing was facilitated by the lender, Voya, and the landlord of the property is HRI Properties. JLL, represented by Jesse Wright, Robert Tonnesson, Kenny Cutler, and Josh Odessky, served as the brokers in this deal. Their expertise and knowledge contributed to the successful completion of the transaction.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,300,000.00
Monthly NOI$208,666.67
Monthly Debt Service$197,837.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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