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Natixis Real Estate Capital Refinances $80M Loan For Multifamily Property In Mooresville, NC

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FINANCED
$80,000,000

North Carolina

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MultiFamily573,000 SF
Financed 09/10/2021
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FINANCED

Natixis Real Estate Capital Refinances $80M Loan For Multifamily Property In Mooresville, NC

134 Village Club Drive, Mooresville, NC, USA

See Similar Deals
MultiFamily573,000 SF
Financed 09/10/2021
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$139
Total Square Footage:573,000 SF
Transaction Type:Loan

A multifamily property located at 134 Village Club Drive in Mooresville, NC has recently undergone a loan transaction. The property spans approximately 573,000 gross square feet and comprises 288 units.

Summary of transaction details

  • Property Type: Multifamily
  • Market: Mooresville, NC
  • Address: 134 Village Club Drive
  • Loan Amount: $80,000,000
  • Loan Type: Refinance

Natixis Real Estate Capital served as the lender for this loan, providing a refinancing package amounting to $80,000,000. Richard Horowitz and David Horowitz from Cooper Horowitz LLC acted as the brokers for the transaction.

Players

Richard Horowitz
40 deals$2.7B volume
BROKER

David  Horowitz
Cooper Horowitz
17 deals$578.6M volume
BROKER

LENDER

Details

FINANCED
IMAGE: Richard Horowitz & David Horowitz DATE: 09/10/2021 ADDRESS: 134 Village Club Drive MARKET: Mooresville, NC ASSET TYPE: Multifamily ~ GSF: 573,000 - UNITS: 288 LENDER: Natixis Real Estate Capital BROKERS: Richard Horowitz & David Horowitz - @CooperHorowitz LLC LOAN AMOUNT: $80,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$80,000,000.00

Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00