Fantini & Gorga Brokers Facilitate $7.57M Loan For 168-unit Multifamily Property In Auburn, ME
FINANCED
$7,570,000
Maine
See Similar DealsMultiFamily800 SF
Financed 01/15/2021
FINANCED
Fantini & Gorga Brokers Facilitate $7.57M Loan For 168-unit Multifamily Property In Auburn, ME
5 Aron Drive, Auburn, ME, USA
See Similar DealsMultiFamily800 SF
Financed 01/15/2021
Summary
MAINE
Asset Type:MultiFamily
Price Per Square Foot:$9,462
Total Square Footage:800 SF
Transaction Type:Loan
A multifamily property located at 5 Aron Drive in Auburn, ME has been involved in a closed transaction. The property consists of 168 units and was part of a loan deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,570,000
- Date: 01/15/2021
- Market: Auburn, ME
- Brokers: Derek Coulombe & Ryan Maddaluna - Fantini & Gorga
The loan amount for this property transaction was $7,570,000. The deal was facilitated by brokers Derek Coulombe and Ryan Maddaluna from Fantini & Gorga.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,570,000.00
Monthly NOI$50,466.67
Monthly Debt Service$47,847.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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