The Blackburn Group Refinances Multifamily Property In Oxford, MS For $6.84M
1903 Anderson Road, Oxford, Mississippi 38655, United States
$6,840,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 18, 2021
AI
The Blackburn Group has completed a successful refinance transaction for a multifamily property located at 1903 Anderson Rd in Oxford, MS. The property spans across 5.6 acres and consists of 80 units. The transaction was facilitated by Vincent Langan from NewPoint Real Estate Capital LLC, representing The Blackburn Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,840,000
- Loan Type: Refinance
- Loan Term: Long-term, fixed-rate loan
The refinance loan amount was $6,840,000, providing The Blackburn Group with a long-term, fixed-rate loan for the property. Vincent Langan from NewPoint Real Estate Capital LLC served as the broker representing The Blackburn Group in this transaction.
Players
Oxford 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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93