Walker & Dunlop Inc. Refinances Multifamily Property In Las Vegas, Nevada For $26.3M
FINANCED
$26,298,388
Nevada
See Similar DealsMultiFamily119,500 SF
Financed 12/22/2021
FINANCED
Walker & Dunlop Inc. Refinances Multifamily Property In Las Vegas, Nevada For $26.3M
3709 Seneca Highland Street
See Similar DealsMultiFamily119,500 SF
Financed 12/22/2021
Summary
NEVADA
Asset Type:MultiFamily
Price Per Square Foot:$220
Total Square Footage:119,500 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,298,388.00
Monthly NOI$175,322.59
Monthly Debt Service$166,223.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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