Updated Dec 4, 2024
Lima One Provides $7.8M Construction Loan For Multifamily Property On Donmoor Ave, Baton Rouge, LA
854 North Donmoor Avenue
$7,800,000
$91/SF
Building Size
85,000 SF
Asset Type
MultiFamily
Closing
Nov 17, 2023
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 854 North Donmoor Avenue in Baton Rouge, LA. It consists of 123 units and has a total square footage of 85,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Lender: Lima One
- Landlord: Isy Pemutter
- Brokers: Avi Eyal - FM Capital
The loan type for this transaction is a construction loan provided by Lima One. Avi Eyal from FM Capital represented the landlord, Isy Pemutter, in this deal. For more information about this transaction or any financing needs, please contact Avi Eyal at [email protected].
On the Map
$7,800,000
$91/SF
MultiFamily
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Players
Baton Rouge MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93