Tristar Equities Secures $31.49 Million Bridge Loan For Multifamily Property In Ridgeland MS
6811 Old Canton Road
$38,000,000
$100/SF
Building Size
377,198 SF
Asset Type
MultiFamily
Closing
Dec 29, 2025
AI
The property asset involved in this transaction is a multifamily asset located at 6811 Old Canton Road, Ridgeland, MS, with a total square footage of 377,198. The transaction involved a loan amount of $31,490,000 under a bridge loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,490,000
- Address: 6811 Old Canton Road
- Market: Ridgeland, MS
- Lender: Greystone
- Landlord: Tristar Equities
- Brokers: Daniel Lerer - GFI Realty Services
- Loan Type: Bridge
Key individuals involved in the transaction include Daniel Lerer and Michael Weiser, representing GFI Realty Services and having a role in facilitating the deal. The landlord for the property is Tristar Equities, with Greystone providing the financing for the transaction.
Players
Ridgeland 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93