Updated Apr 23, 2026
The Lynd Group Secures $49 Million Refinance Loan For Multifamily Portfolio In New Orleans
I-10 Service Road
$49,000,000
Units
1,512
Asset Type
MultiFamily
Closing
Apr 21, 2026
About this deal
AI
The Lynd Group has secured financing for a multifamily portfolio consisting of four properties in New Orleans, Louisiana. This portfolio includes 1,512 units and received a loan amount of $49 million for a refinance. The addresses involved are 12345 N. I-10 Service Road, 12151 I-10 Service Road, 5131 Bundy Road, and 6881 Parc Brittany Blvd.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Lender: CFG Bank
- Landlord: The Lynd Group
- Loan Type: Refinance
- Market: New Orleans, LA
Additionally, part of this financing strategy includes a $30 million plan to overhaul formerly distressed assets that were acquired out of bankruptcy from Rhodium Capital Advisors in January 2026.
On the Map
$49,000,000
MultiFamily
View full map
Players
New Orleans MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93