Updated Oct 29, 2024
Hamilton Point Investments LLC Acquires Multifamily Property In Omaha, NE For $67.3M
5575 S 206th Ct, Omaha, NE 68022
$67,300,000
Units
588
Asset Type
MultiFamily
Closing
Jan 13, 2023
About this deal
AI
The multifamily property located at 5575 S. 206th Court & 6610 N. 155th Court in Omaha, NE has been involved in a loan transaction. The property consists of 588 units and is owned by Hamilton Point Investments LLC. The loan, valued at $67,300,000, was acquired for the property by the buyer. The broker representing the buyer in this acquisition was John Reed from Northmarq.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $67,300,000
- Address: 5575 S. 206th Court & 6610 N. 155th Court, Omaha, NE
- Market: Omaha, NE
- Units: 588
- Landlord: Hamilton Point Investments LLC
- Broker: John Reed - Northmarq
- Loan Type: Acquisition
The loan transaction for this multifamily property was successfully facilitated by the buyer's representative, John Reed from Northmarq. With this acquisition, the buyer has obtained the necessary funding to secure the property for their investment portfolio.
Players
Elkhorn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93