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Akiva Drew Of Drew Capital ...

Akiva Drew Of Drew Capital Secures $2.57 Million Refinance Loan For 16-Unit Multifamily In Orange
FINANCEDMultiFamily

Akiva Drew Of Drew Capital Secures $2.57 Million Refinance Loan For 16-Unit Multifamily In Orange

$2,565,000

$267/SF

Building Size

9,600 SF

Asset Type

MultiFamily

Closing

Nov 1, 2024

AI

The asset involved in the transaction is a multifamily property located in the Orange market, consisting of 16 units with a total square footage of 9,600. The loan amount facilitated for this refinance transaction is $2,565,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,565,000
  • Loan Type: Refinance
  • Loan Terms: 5 Year Term, Fixed Rate @ 6.25%, Flexible PPP
  • Broker: Akiva Drew - Drew Capital

In this transaction, Akiva Drew of Drew Capital represents the broker involved, facilitating the refinancing process for the multifamily property in Orange.

Players

Akiva Drew
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Akiva Drew

Drew Capital

Broker

$213.6M

vol

10 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.18%

Cash-on-Cash

-1.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93