Jair Lynch Real Estate Partners Secures $50.1M Acquisition Loan For Hyattsville, MD Multifamily
FINANCED
$50,100,000
+ 1
Maryland
See Similar DealsMultiFamily
Financed
FINANCED
Jair Lynch Real Estate Partners Secures $50.1M Acquisition Loan For Hyattsville, MD Multifamily
6700 Belcrest Road, West Hyattsville, Maryland 20782, United States
See Similar DealsMultiFamily
Financed
+ 1
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$50,100,000.00
Monthly NOI$334,000.00
Monthly Debt Service$316,666.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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