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Canyon Partners Real Estate Provides $15.6M Preferred Equity For Towerview At Ballantyne
FINANCED
$15,600,000
North Carolina
See Similar DealsMultiFamily
Financed 02/14/2024
FINANCED
Canyon Partners Real Estate Provides $15.6M Preferred Equity For Towerview At Ballantyne
13230 Ballantyne Corporate Place
See Similar DealsMultiFamily
Financed 02/14/2024
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan
13230 Ballantyne Corporate Place is the location of Towerview at Ballantyne, a newly built high-rise residential community in Charlotte, North Carolina's upscale Ballantyne submarket. Canyon Partners Real Estate LLC provided a $15.6 million preferred equity investment for this multifamily asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,600,000
- Address: 13230 Ballantyne Corporate Place
- Market: Charlotte, NC
- Lender: Josh Friedman - Canyon Partners Real Estate
- Brokers: Jovi Rodriguez, Travis Anderson & Warren Johnson - JLL
- Loan Type: Recapitalization
Josh Friedman from Canyon Partners Real Estate led the financing with a $15.6 million preferred equity investment. Jovi Rodriguez, Travis Anderson, and Warren Johnson from JLL represented the transaction as brokers.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,600,000.00
Monthly NOI$104,000.00
Monthly Debt Service$98,602.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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