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Valleytree Partners Secures $154.8M Loan From Dwight Mortgage Trust

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FINANCED
$154,800,000

National

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MultiFamily
Financed 06/07/2022
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Property Image
FINANCED

Valleytree Partners Secures $154.8M Loan From Dwight Mortgage Trust

2625 Northvale Dr NE, Grand Rapids...

See Similar Deals
MultiFamily
Financed 06/07/2022
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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.

Players

Marvin Jeremias
12 deals$983.6M volume
BROKER

Dwight Capital
LENDER

Details

FINANCED
IMAGE: 06/07/2022 ADDRESS: 2625 Northvale Dr NE, Grand Rapids... ASSET TYPE: MultiFamily BORROWER'S REP: Marvin Jeremias(Crossmark Capital) BORROWER: Valleytree Partners LENDER: Dwight Mortgage Trust Lender LOAN AMOUNT: $154,800,000.00

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Deal Type
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