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
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