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6811 Old Canton Road

Tristar Equities Secures $31.49 Million Bridge Loan For Multifamily Property In Ridgeland MS
FINANCEDMultiFamily

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

Michael Weiser

GFI Realty Services

Broker

$515.2M

vol

34 deals

Broker
Greystone
GreystoneLender

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