Tower Capital Arranges $37.5M Loan For Multifamily Property In Indian Trail, NC
FINANCED
$37,500,000
North Carolina
See Similar DealsMultiFamily
Financed 10/24/2022
FINANCED
Tower Capital Arranges $37.5M Loan For Multifamily Property In Indian Trail, NC
105 Briana Marie Way, Indian Trail, North Carolina 28079, United States
See Similar DealsMultiFamily
Financed 10/24/2022
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$37,500,000.00
Monthly NOI$250,000.00
Monthly Debt Service$237,025.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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