Swapnil Agarwal Of Nitya Capital Secures $700M Loan From Citi For Multifamily Portfolio
$700,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 5, 2025
AI
The asset involved in the transaction is a multifamily portfolio consisting of 18 properties located in major U.S. growth markets, including Dallas, Indianapolis, the Carolinas, Nashville, Phoenix, and Las Vegas. The total loan amount secured for refinancing this portfolio is $700,000,000, provided through a fixed-rate loan by the lender Citi.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $700,000,000
- Lender: Citi
- Landlord: Swapnil Agarwal - Nitya Capital
- Market: Dallas, Indianapolis, the Carolinas, Nashville, Phoenix & Las Vegas
- Loan Terms: fixed-rate
The deal showcases how Nitya Capital has successfully reinforced investor confidence in its investment platform through this financing arrangement. It reflects strong participation from global firms, highlighting Nitya Capital's ongoing track record of zero investor losses and an average internal rate of return of 22%.
Players
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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93