Walker & Dunlop Inc. Refinances Multifamily Property In Las Vegas, Nevada For $26.3M
3709 Seneca Highland Street
$26,298,388
$220/SF
Building Size
119,500 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
AI
The multifamily property located at 3709 Seneca Highland St. in Las Vegas, Nevada has undergone a refinance transaction. The property spans approximately 119,500 square feet and sits on a 10-acre lot. It consists of 50 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,298,388
- Address: 3709 Seneca Highland St.
- Market: Las Vegas, Nevada
- Asset Type: Multifamily
- Square Footage: 119,500
- Acres: 10.0
The refinance deal was facilitated by Walker & Dunlop Inc. Keaton Merrell, Jim Pierson, and Shannon Hersker from Walker & Dunlop Inc. served as the brokers in the transaction. Michael Stuhmer represented the landlord, Seneca at Southern Highlands.
Players
North Las Vegas 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93