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10202 Perkins Rowe

NewPoint Provides $29.6M Loan For Multifamily Property At 10202 Perkins Rowe In Baton Rouge, LA
FINANCEDMultiFamily

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

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.

Players

Mark Krupenia

Meridian Capital Group

Broker

$145.4M

vol

3 deals

Broker
NewPoint Real Estate Capital
NewPoint Real Estate CapitalLender

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