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
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