Valleytree Partners Secures $154.8M Loan From Dwight Mortgage Trust
FINANCED
$154,800,000
National
See Similar DealsMultiFamily
Financed 06/07/2022
FINANCED
Valleytree Partners Secures $154.8M Loan From Dwight Mortgage Trust
2625 Northvale Dr NE, Grand Rapids...
See Similar DealsMultiFamily
Financed 06/07/2022
Summary
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$154,800,000.00
Monthly NOI$1,032,000.00
Monthly Debt Service$978,441.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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