FINANCEDMultiFamily
Fantini & Gorga Brokers Facilitate $7.57M Loan For 168-unit Multifamily Property In Auburn, ME
5 Aron Drive, Auburn, ME, USA
$7,570,000
$9,462/SF
Building Size
800 SF
Asset Type
MultiFamily
Closing
Jan 14, 2021
AI
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.
Players
Auburn 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
2.10%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93