Updated Oct 29, 2024
Pressly Development Company Refinances 216-Unit Multifamily Property In Hickory, NC With $24.1M Loan From Greystone - Lisa M. Fischman
2830 16th Street Northeast Hickory, North Carolina 28601, USA
$24,100,000
Units
216
Asset Type
MultiFamily
Closing
May 30, 2023
About this deal
AI
The multifamily property located at 2830 16th Street Northeast in Hickory, NC has recently undergone a loan refinancing transaction. The property consists of 216 units and is owned by Pressly Development Company.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $24,100,000
- Lender: Greystone - Lisa M. Fischman
- Landlord: Pressly Development Company
Giving the property a new financing arrangement, Greystone, represented by Lisa M. Fischman, provided a loan of $24,100,000 to the landlord, Pressly Development Company.
The multifamily loan at 2830 16th Street Northeast Hickory, North Carolina 28601, USA in Hickory, North Carolina financed for $24.1M in 2023. Reported inventory is 216 units across 216 units. Greystone appears on the loan alongside Greystone. This page is the Hickory, North Carolina file for the 2830 16th Street Northeast Hickory, North Carolina 28601, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Hickory sit in the Market section below. Filter that Hickory multifamily set by closing date to see what else financed near 2830 16th Street Northeast Hickory, North Carolina 28601, USA around 2023. Published consideration for 2830 16th Street Northeast Hickory, North Carolina 28601, USA is $24.1M, dated 2023. Cite this Pressly Development Company Refinances 216-Unit Multifamily Property In Hickory, NC With $24.1M Loan From Greystone - Lisa M. Fischman loan when underwriting similar multifamily product around Hickory, North Carolina.
Players
Hickory 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93