HPP Equity Acquires A Newly Built 150-Unit Asset at Lease-Up in Pea Ridge, NWA. The Total Transaction was $24M, with Simon Goldstein of Buckingham Advisors Securing $3.5M in Equity

The property asset involved in the transaction is a multifamily building located at 200 Ryan Road in Pea Ridge, AR. The asset comprises a total square footage of 120,000 and includes 150 units. The total transaction amount for this property is $24,800,000, with an equity amount of $3,500,000. The loan type utilized for financing is a bridge to HUD at conversion.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,800,000
• Equity Amount: $3,500,000
• Loan Type: Bridge to HUD at conversion
• Address: 200 Ryan Road
• Market: Pea Ridge, AR
• Landlord: Justin Kain - HPP Equity
• Broker: Simon Goldstein - Buckingham Advisors
• Units: 150
• Square Footage: 120,000

This transaction features key individuals including landlord Justin Kain, who represents HPP Equity, and broker Simon Goldstein representing Buckingham Advisors. Their roles have been crucial in facilitating this closed property transaction, contributing their expertise to the agreement.