Updated Oct 29, 2024
American Street Capital Refinances Multifamily Property In Saint Robert, MO For $5.9M
116 Faulkner Cir, Saint Robert, Missouri 65584, United States
$5,968,000
Units
152
Asset Type
MultiFamily
Closing
Jan 19, 2023
About this deal
AI
The multifamily property located at 116 Faulkner Cir in Saint Robert, MO has recently undergone a refinancing transaction. The property consists of 152 units, making it a significant asset in the market. The transaction was facilitated by American Street Capital, represented by Igor Zhizhin. The loan amount for this refinancing deal was $5,968,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,968,000
- Address: 116 Faulkner Cir, Saint Robert, MO
- Market: Saint Robert, MO
- Units: 152
- Landlord: American Street Capital - Igor Zhizhin
- Loan Type: Refinance
The deal was successfully executed with the support of American Street Capital, notably Igor Zhizhin. This refinancing transaction demonstrates the stability and growth potential of the multifamily property market in Saint Robert, MO. With 152 units, this asset provides a significant opportunity for both renters and investors in the area.
Players
Saint Robert 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
2.66%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93