Updated Sep 5, 2024
NewPoint Provides $29.6M Loan For Multifamily Property At 10202 Perkins Rowe In Baton Rouge, LA
10202 Perkins Rowe
$29,566,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 21, 2022
About this deal
AI
The multifamily property located at 10202 Perkins Rowe in Baton Rouge, LA has been the subject of a recent closed transaction. The loan for this property was provided by NewPoint Real Estate Capital through Freddie Mac. The loan amount for the transaction was $29,566,000. The purpose of the loan was for a purchase.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,566,000
- Address: 10202 Perkins Rowe, Baton Rouge, LA
- Market: Baton Rouge, LA
- Lender: NewPoint Real Estate Capital - Freddie Mac
The landlord of the property is Craig Berger. The brokers representing the transaction were Mark Krupenia and Barry Lefkowitz from Meridian Capital Group.
On the Map
$29,566,000
MultiFamily
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Players
Baton Rouge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93