facebook

traded

+ Submit
Home

/

Deals

/

New Hampshire

/

Multifamily

/

Loan

/

343 Mount Support Road, Leb...

Saxon Partners & Tritower Financial Group Secures $79.7M Construction Financing For Lebanon Multifamily
FINANCEDMultiFamily

Saxon Partners & Tritower Financial Group Secures $79.7M Construction Financing For Lebanon Multifamily

343 Mount Support Road, Lebanon, New Hampshire 03766, United States

$79,700,000

Building Size

Asset Type

MultiFamily

Closing

Nov 15, 2022

AI

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

Bryan Koop

Colliers

Broker

$697.3M

vol

9 deals

Broker
TL
Tritower Financial Group LLCLandlord

Lebanon 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

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93