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
Hyattsville 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93