Tauro Capital Advisors Provide $4.1M Acquisition Loan For 1407 Corbett Street
FINANCED
$4,100,000
North Carolina
See Similar DealsMultiFamily80,000 SF
Financed 04/18/2024
FINANCED
Tauro Capital Advisors Provide $4.1M Acquisition Loan For 1407 Corbett Street
1407 Corbett Street
See Similar DealsMultiFamily80,000 SF
Financed 04/18/2024
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$51
Total Square Footage:80,000 SF
Transaction Type:Loan
The multifamily property located at 1407 Corbett Street in Wilmington, NC, spans 80,000 square feet and comprises 24 units. The loan for the acquisition of this property was facilitated by Garryn Laws & Matthew Bucaro from Tauro Capital Advisors, amounting to $4,100,000. The landlord in this transaction is William Dematha.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Market: Wilmington, NC
- Units: 24
Garryn Laws & Matthew Bucaro of Tauro Capital Advisors acted as the lenders in this acquisition deal, while the landlord involved is William Dematha.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,100,000.00
Monthly NOI$27,333.33
Monthly Debt Service$25,914.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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