Dwight Capital Provides $37.7M Construction Financing For Multifamily Project In Billings, MT
FINANCED
$37,700,000
Montana
See Similar DealsMultiFamily
Financed 10/13/2022
FINANCED
Dwight Capital Provides $37.7M Construction Financing For Multifamily Project In Billings, MT
610 South 44th Street West, Billings, Montana 59106, United States
See Similar DealsMultiFamily
Financed 10/13/2022
Summary
MONTANA
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this closed transaction is a multifamily asset located at 610 South 44th Street West in Billings, MT. The property, owned by Stock Development, was the subject of a construction financing deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,700,000
- Lender: Dwight Capital - Brandon Baksh
- Landlord: Stock Development
- Loan Type: Construction financing
Brandon Baksh from Dwight Capital served as the lender's representative in the deal. The construction financing loan with an amount of $37,700,000 was facilitated by Dwight Capital. The landlord, Stock Development, secured the necessary funding for the project.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$37,700,000.00
Monthly NOI$251,333.33
Monthly Debt Service$238,289.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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