Updated Oct 28, 2024
Arbor Realty Trust Provides $55.2M Loan Refinance For Multifamily In South Portland
350 Clarks Pond Parkway, South Portland, Maine 04106, United States
$55,200,000
$168/SF
Building Size
326,956 SF
Asset Type
MultiFamily
Closing
May 26, 2022
About this deal
AI
A multifamily property located at 350 Clarks Pond Pkwy in South Portland, ME has been refinanced. The property consists of 256 units and spans 7.5 acres. The loan was secured through Arbor Realty Trust, with Ryan Duff representing the lender.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $55,200,000
- Loan Type: Refinance
- Loan Terms: Ten-year, fixed-rate loan
Ryan Duff of Arbor Realty Trust played a key role in securing the loan for the multifamily property at 350 Clarks Pond Pkwy in South Portland, ME.
Players
South Portland 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93