Updated Oct 28, 2024
INB Provides $23.5M Construction Loan For Terraces At Wildhorse Village In Chesterfield, MO
Chesterfield, Missouri, United States
$23,500,000
Units
70
Asset Type
MultiFamily
Closing
Aug 17, 2022
About this deal
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.
On the Map
$23,500,000
MultiFamily
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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