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
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