Voya Refinances Mixed-Use Property In New Orleans For $31.3M
812 Gravier Street, New Orleans, Louisiana, USA
$31,300,000
$110/SF
Building Size
284,000 SF
Asset Type
Mixed-use
Closing
Nov 2, 2021
About this deal
AI
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
New Orleans Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93