Updated Oct 29, 2024
Valleytree Partners Secures $154.8M Loan From Dwight Mortgage Trust
2625 Northvale Dr NE, Grand Rapids...
$154,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 7, 2022
About this deal
AI
The property involved in the transaction is a MultiFamily asset located at 2625 Northvale Dr NE, Grand Rapids. The loan amount for this property is $154,800,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $154,800,000.00
- Address: 2625 Northvale Dr NE, Grand Rapids
- Borrower: Valleytree Partners
- Borrower's Representative: Marvin Jeremias (Crossmark Capital)
- Lender: Dwight Mortgage Trust
The deal's key individuals and companies include the borrower, Valleytree Partners, and the lender, Dwight Mortgage Trust. Representing the borrower in this transaction is Marvin Jeremias from Crossmark Capital.
On the Map
Players
Market 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93