Updated Dec 19, 2023
Tower Capital Arranges $37.5M Loan For Multifamily Property In Indian Trail, NC
105 Briana Marie Way, Indian Trail, North Carolina 28079, United States
$37,500,000
Units
169
Asset Type
MultiFamily
Closing
Oct 23, 2022
About this deal
AI
The multifamily property located at 105 Briana Marie Way in Indian Trail, NC has recently undergone a closed transaction. This property consists of 169 units and has been involved in a loan deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $37,500,000
- Address: 105 Briana Marie Way, Indian Trail, NC
- Market: Indian Trail, NC
- Units: 169
The broker responsible for facilitating this loan deal is Kyle McDonough from Tower Capital.
The multifamily loan at 105 Briana Marie Way, Indian Trail, North Carolina 28079, United States in Indian Trail, North Carolina financed for $37.5M in 2022. Reported inventory is 169 units across 169 units. Kyle McDonough, Tower Capital appear on the loan alongside Tower Capital. This page is the Indian Trail, North Carolina file for the 105 Briana Marie Way, Indian Trail, North Carolina 28079, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Indian Trail sit in the Market section below. Filter that Indian Trail multifamily set by closing date to see what else financed near 105 Briana Marie Way, Indian Trail, North Carolina 28079, United States around 2022. Published consideration for 105 Briana Marie Way, Indian Trail, North Carolina 28079, United States is $37.5M, dated 2022. Cite this Tower Capital Arranges $37.5M Loan For Multifamily Property In Indian Trail, NC loan when underwriting similar multifamily product around Indian Trail, North Carolina.
Players
Indian Trail 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93