Updated Dec 4, 2024
RW Equities Secures $17.3M Acquisition Loan For Midwest Multifamily Property
$17,303,000
$57/SF
Building Size
300,000 SF
Asset Type
MultiFamily
Closing
Sep 29, 2023
About this deal
AI
RW Equities, a Midwest-based landlord, recently secured a $17,303,000 acquisition loan from Freddie Mac. The loan, with a 5-year fixed rate and Freddie Execution, has a 150 spread, a 68% loan-to-value ratio, and a 2-year interest-only period.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,303,000
- Square Footage: 300,000
- Number of Units: 195
- Lender: Freddie Mac
- Brokers: Ricky Warner, Henry Stimler, William Weber, and Dan Sarsfield - Newmark
- Landlord: RW Equities
This deal was facilitated by the brokers Ricky Warner, Henry Stimler, William Weber, and Dan Sarsfield from Newmark. They represented RW Equities throughout the transaction.
NOTE: The article has provided all the relevant information available from the CONTEXT.Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93