Saxon Partners & Tritower Financial Group Secures $79.7M Construction Financing For Lebanon Multifamily
FINANCED
$79,700,000
+ 1
New Hampshire
See Similar DealsMultiFamily
Financed 11/15/2022
FINANCED
Saxon Partners & Tritower Financial Group Secures $79.7M Construction Financing For Lebanon Multifamily
343 Mount Support Road, Lebanon, New Hampshire 03766, United States
See Similar DealsMultiFamily
Financed 11/15/2022
+ 1
Summary
NEW HAMPSHIRE
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 343 Mount Support Road in Lebanon, NH. It consists of 250 units and is owned by Saxon Partners and Tritower Financial Group. The transaction took place on 11/15/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $79,700,000
- Address: 343 Mount Support Road, Lebanon, NH
- Market: Lebanon, NH
- Units: 250
The lenders involved in this transaction are Brookline Bank, Bar Harbor Bank & Trust, and Cambridge Trust. The construction financing loan amount is $79,700,000.
The brokers who facilitated this deal were Jeff Black, Kevin Phelan, Sean Burke, and Bryan Koop from Colliers Capital Markets.
Players
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$79,700,000.00
Monthly NOI$531,333.33
Monthly Debt Service$503,758.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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