FINANCED
Lument Provides Acquisition Loan For Multifamily Property In Ridgeland, Mississippi
6811 Old Canton Road
MultiFamily
374,212 SF
374,212 SF
Financed 1 year ago
Summary
Loan
MISSISSIPPI
MultiFamily
374,212 sqft
The multifamily property located at 6811 Old Canton Rd in Ridgeland, Mississippi has been involved in a recent transaction. The property spans approximately 374,212 square feet and consists of 308 units.
Summary of transaction details
- Property Type: Multifamily
- Address: 6811 Old Canton Rd, Ridgeland, Mississippi
- Market: Ridgeland, Mississippi
- Square Footage: 374,212
- Number of Units: 308
The loan for this acquisition was provided by lument''>Lument. The loan amount was $37,407,280. The loan type is an acquisition loan with terms of 3+1=1 rate in the low 3s and a loan-to-cost ratio of 75%.
Hannah Howard, from Meridian Capital Group, represented the buyer as the broker in this transaction.
Players
All
3
Agents
1
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Jonathan Zilber & Hannah Howard
DATE: 01/05/2022
ADDRESS: 6811 Old Canton Rd
MARKET: Ridgeland, Mississippi
ASSET TYPE: Multifamily ~ SF: 374,212 ~ UNITS: 308
LENDER: Lument
BROKER: Hannah Howard (@Broker_Hannah_Howard) - Meridian Capital Group
LOAN AMOUNT: $37,407,280
LOAN TYPE: Acquisition
LOAN TERMS: 3+1=1 rate in low 3s 75%LTCView on map
Loading...
Address6811 Old Canton Road
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want