Natixis Real Estate Capital Refinances $80M Loan For Multifamily Property In Mooresville, NC
134 Village Club Drive, Mooresville, NC, USA
$80,000,000
$139/SF
Building Size
573,000 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
AI
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
Mooresville 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93