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1225 Willowbrook Drive Sout...

Wicker Park Capital Management Refinances Multifamily Property In Alabama For $37M
FINANCEDMultiFamily

Wicker Park Capital Management Refinances Multifamily Property In Alabama For $37M

1225 Willowbrook Drive South East

$37,000,000

$85,846/SF

Building Size

431 SF

Asset Type

MultiFamily

Closing

Mar 30, 2023

AI

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

Charles Foschini

Berkadia

Broker

$3.1B

vol

57 deals

Broker
Fannie Mae
Fannie MaeLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93