Natixis Real Estate Capital Refinances $80M Loan For Multifamily Property In Mooresville, NC
FINANCED
North Carolina
See Similar DealsMultiFamily573,000 SF
Financed 09/10/2021
FINANCED
Natixis Real Estate Capital Refinances $80M Loan For Multifamily Property In Mooresville, NC
134 Village Club Drive, Mooresville, NC, USA
See Similar DealsMultiFamily573,000 SF
Financed 09/10/2021
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.
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Deal Type
30 years
10 years
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
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