Lima One Provides $7.8M Construction Loan For Multifamily Property On Donmoor Ave, Baton Rouge, LA
FINANCED
$7,800,000
Louisiana
See Similar DealsMultiFamily85,000 SF
Financed 11/17/2023
FINANCED
Lima One Provides $7.8M Construction Loan For Multifamily Property On Donmoor Ave, Baton Rouge, LA
854 North Donmoor Avenue
See Similar DealsMultiFamily85,000 SF
Financed 11/17/2023
Summary
LOUISIANA
Asset Type:MultiFamily
Price Per Square Foot:$91
Total Square Footage:85,000 SF
Transaction Type:Loan
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].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,800,000.00
Monthly NOI$52,000.00
Monthly Debt Service$49,301.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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