FINANCEDMultiFamily
Grandbridge Real Estate Capital Refinances 72-Unit Multifamily Property In Fremont, NE For $6.9M
1034 East 29th Street, Fremont, Nebraska 68025, United States
$6,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 13, 2022
AI
The property involved in this transaction is a multifamily asset located at 1034 E 29th Street, Fremont. It consists of 72 units and is situated in the market of Fremont, NE.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Loan Type: Refinance
- Loan Terms: Permanent, fixed-rate loan
The brokers responsible for this deal are Brett Olson and Jeff Witt from Grandbridge Real Estate Capital.
Players
Fremont 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93