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Chesterfield, Missouri, Uni...

INB Provides $23.5M Construction Loan For Terraces At Wildhorse Village In Chesterfield, MO
FINANCEDMultiFamily

INB Provides $23.5M Construction Loan For Terraces At Wildhorse Village In Chesterfield, MO

Chesterfield, Missouri, United States

$23,500,000

Building Size

Asset Type

MultiFamily

Closing

Aug 17, 2022

AI

The Terraces at Wildhorse Village, a multifamily property located in Chesterfield, MO, has been involved in a recent loan transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $23,500,000
  • Units: 70
  • Lender: inb''>INB
  • Landlord: Pier Property Group
  • Brokers: David Garfinkel of Northmarq

INB provided a construction loan for the Terraces at Wildhorse Village multifamily property. The loan amount for this transaction was $23,500,000. Pier Property Group serves as the landlord for the property, while David Garfinkel of Northmarq represented the parties involved in the deal as the broker.

Players

David Garfinkel

NorthMarq

Broker

$161.7M

vol

5 deals

Broker
INB
INBLender

Chesterfield 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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93