Updated Oct 28, 2024
Murray Kornberg - Colliers Secures $85M Acquisition Loan For 534-Unit Multifamily In Bloomington, Minn
10660 Hampshire Avenue, Bloomington, Minnesota 55438, United States
$85,000,000
Units
534
Asset Type
MultiFamily
Closing
Apr 21, 2022
About this deal
AI
The multifamily property located at 10660 Hampshire Ave in Bloomington, Minnesota has been involved in a recent transaction. The property consists of 534 units and is situated in the Bloomington market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $85,000,000
- Loan Type: Acquisition Loan
The lender in this transaction was Mesa West Capital. Bader Diamond Funds acted as the landlord. Murray Kornberg, representing Colliers, served as the broker in this deal.
The multifamily loan at 10660 Hampshire Avenue, Bloomington, Minnesota 55438, United States in Minneapolis, Minnesota financed for $85M in 2022. Reported inventory is 534 units across 534 units. Murray Kornberg, Colliers appear on the loan alongside Colliers. This page is the Minneapolis, Minnesota file for the 10660 Hampshire Avenue, Bloomington, Minnesota 55438, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Minneapolis sit in the Market section below. Filter that Minneapolis multifamily set by closing date to see what else financed near 10660 Hampshire Avenue, Bloomington, Minnesota 55438, United States around 2022. Published consideration for 10660 Hampshire Avenue, Bloomington, Minnesota 55438, United States is $85M, dated 2022. Cite this Murray Kornberg - Colliers Secures $85M Acquisition Loan For 534-Unit Multifamily In Bloomington, Minn loan when underwriting similar multifamily product around Minneapolis, Minnesota.
Players
Minneapolis 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93