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854 North Donmoor Avenue

Lima One Provides $7.8M Construction Loan For Multifamily Property On Donmoor Ave, Baton Rouge, LA
FINANCEDMultiFamily

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

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].

Players

Avi Eyal

TrueCap

Broker

$140.1M

vol

13 deals

Broker
Lima One Capital
Lima One CapitalLender

Baton Rouge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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