Mark McClure of GenX Capital Partners Brokered a $31 Million Refinance Loan From Tryperion Holdings For A Multifamily Asset in Biddeford.
2 Main Street
$31,000,000
$31/SF
Building Size
1,000,000 SF
Asset Type
MultiFamily
Closing
Dec 24, 2024
AI
The property asset involved in this transaction is a multifamily building located at 2 Main Street, Biddeford, ME, encompassing a total of 1,000,000 square feet with 153 units. The loan amount arranged for this asset is $31,000,000 as part of a refinancing deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,000,000
- Lender: Tryperion Holdings
- Landlord: Presidium Group
- Broker: Mark McClure - GenX Capital Partners
This deal was facilitated by Mark McClure, representing GenX Capital Partners, who played a key role in the refinancing process, along with the involvement of Tryperion Holdings as the lender and Presidium Group as the landlord.
Players
Biddeford 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93