Wicker Park Capital Management Refinances Multifamily Property In Alabama For $37M
FINANCED
$37,000,000
National
See Similar DealsMultiFamily431 SF
Financed 03/30/2023
FINANCED
Wicker Park Capital Management Refinances Multifamily Property In Alabama For $37M
1225 Willowbrook Drive South East
See Similar DealsMultiFamily431 SF
Financed 03/30/2023
Summary
Asset Type:MultiFamily
Price Per Square Foot:$85,846
Total Square Footage:431 SF
Transaction Type:Loan
The multifamily property located at 1225 Willowbrook Drive South East in Alabama has recently undergone a refinancing transaction. The property consists of 431 units and is owned by Wicker Park Capital Management.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $37,000,000
- Loan Type: Refinance
The lending for this refinancing deal was provided by Fannie Mae. The brokers involved in the transaction were Charles Foschini, Christopher (Chris) Apone, and Lourdes Carranza-Alvarez, who represented Berkadia. They played an instrumental role in facilitating the transaction and ensuring its successful completion.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$37,000,000.00
Monthly NOI$246,666.67
Monthly Debt Service$233,865.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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