Texas Capital Partners Refinances Multifamily Property In Albuquerque For $45.5M
801 Locust Place Northeast Albuquerque, New Mexico 87102, USA
$45,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 8, 2023
AI
The multifamily property located at 801 Locust Place NE in Albuquerque, NM has recently undergone a loan refinance transaction. The property consists of 572 units and is owned by Texas Capital Partners. The loan amount for the refinance is $45,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,500,000
- Units: 572
- Address: 801 Locust Place NE, Albuquerque, NM
- Market: Albuquerque, NM
The loan refinance transaction for the multifamily property at 801 Locust Place NE was facilitated by Gantry, with Adam Parker and Chad Metzger representing the buyer in this deal.
Players
Albuquerque 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93