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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

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FINANCED
$3,500,000

New York

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MultiFamily120,000 SF
Financed 02/20/2025
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FINANCED

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

200 Ryan Road

See Similar Deals
MultiFamily120,000 SF
Financed 02/20/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$29
Total Square Footage:120,000 SF
Transaction Type:Loan

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.

Players

SG
Buckingham Advisors
Simon Goldstein
7 deals$71.5M volume(646) 255-5276
BROKER
Fo
Family office
LENDER

Details

FINANCED
IMAGE: Justin Kain & Simon Goldstein DATE: 02/20/2025 ADDRESS: 200 Ryan Road MARKET: Pea Ridge, AR ASSET TYPE: Multifamily ~ SF: 120,000 ~ UNITS: 150 LANDLORD: Justin Kain - HPP Equity BROKER: Simon Goldstein (@Simon_Goldstein1) - Buckingham Advisors TOTAL TRANSACTION AMOUNT: $24,800,000 EQUITY AMOUNT: $3,500,000 LOAN TYPE: Bridge to HUD at conversion

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,500,000.00

Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00