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1 Shindler Court

BNE Real Estate & Canoe Brook Secures $43 Million Refinance Loan From US Bank For Multifamily Asset
FINANCEDMultiFamily

BNE Real Estate & Canoe Brook Secures $43 Million Refinance Loan From US Bank For Multifamily Asset

$43,000,000

$143/SF

Building Size

300,000 SF

Asset Type

MultiFamily

Closing

Aug 1, 2024

AI

The asset involved in the transaction is a multifamily property comprising 175 units over a total square footage of 300,000. The transaction pertains to the refinancing of this property located in the Northeast market, indicating a significant financial maneuver concerning the management of the asset.

Summary of transaction details:

The transaction highlights key individuals and companies involved in this deal, specifically the roles of John Williams, Jesse Kopecky, Bryan Grover, and Drew Fletcher, all representing Greystone as brokers. Their involvement underlines the collaborative efforts in facilitating this refinance transaction for the multifamily property.

Players

Bryan Grover

Greystone

Broker

$6.2B

vol

36 deals

Broker
Greystone
GreystoneBrokerage
Synovus Bank
Synovus BankLender

Hillsborough 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

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93