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
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