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Securian Life Provides $4.8M Refinance For Claymoor's 129-Unit Southfield Multifamily
FINANCED
$4,800,000
Michigan
See Similar DealsMultiFamily
Financed 03/27/2024
FINANCED
Securian Life Provides $4.8M Refinance For Claymoor's 129-Unit Southfield Multifamily
29260 Franklin Road
See Similar DealsMultiFamily
Financed 03/27/2024
Summary
MICHIGAN
Asset Type:MultiFamily
Transaction Type:Loan
Claymoor Properties LP refinanced a 129-unit multifamily property located at 29260 Franklin Road in Southfield, Michigan. Securian Life Insurance Co. provided a loan amounting to $4,800,000 for the transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Units: 129
- Lender: Securian Life Insurance Co.
- Landlord: Claymoor Properties LP
- Brokers: Dennis Bernard & Joshua Bernard - Bernard Financial Group
- Market: Southfield, Michigan
Bernard Financial Group played a key role in arranging the $4.8 million loan for Claymoor Properties LP. The Bernard Financial Group, represented by Dennis Bernard & Joshua Bernard, facilitated the refinancing of the multifamily property in Southfield, a suburb of Detroit.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,800,000.00
Monthly NOI$32,000.00
Monthly Debt Service$30,339.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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