facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Maryland

/

Multifamily

/

Loan

/

6700 Belcrest Road, West Hy...

Jair Lynch Real Estate Partners Secures $50.1M Acquisition Loan For Hyattsville, MD Multifamily
FINANCEDMultiFamily

Jair Lynch Real Estate Partners Secures $50.1M Acquisition Loan For Hyattsville, MD Multifamily

6700 Belcrest Road, West Hyattsville, Maryland 20782, United States

$50,100,000

Building Size

Asset Type

MultiFamily

Closing

Oct 12, 2021

AI

The multifamily property located at 6700 Belcrest Road in Hyattsville, MD has been involved in a recent closed transaction. The property consists of 288 units and was acquired by Jair Lynch Real Estate Partners.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $50,100,000
  • Address: 6700 Belcrest Road, Hyattsville, MD
  • Market: Hyattsville, MD
  • Units: 288

Jair Lynch Real Estate Partners, represented by Jamie Leachman, Chris Hew, Amit Kakar, and Carter Wroblewski from JLL, secured a three-year, floating-rate loan of $50,100,000 for the acquisition of the property.

Players

Amit Kakar

JLL

Broker

$513.4M

vol

8 deals

Broker

Hyattsville 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

0.32%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93