Westwood Realty Associates Facilitates $15.4M Acquisition Loan For Charlotte Multifamily Property
FINANCED
$15,412,000
North Carolina
See Similar DealsMultiFamily150,000 SF
Financed 05/27/2022
FINANCED
Westwood Realty Associates Facilitates $15.4M Acquisition Loan For Charlotte Multifamily Property
3115 Southwest Blvd, Charlotte, North Carolina 28216, United States
See Similar DealsMultiFamily150,000 SF
Financed 05/27/2022
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$102
Total Square Footage:150,000 SF
Transaction Type:Loan
An acquisition loan has been secured for a multifamily property located at 3115 Southwest Blvd in Charlotte, NC. The property spans approximately 150,000 square feet and consists of 137 units. The loan was facilitated by brokers Steven Vegh and Phil Goldstein of Westwood Realty Associates.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,412,000
- Loan Type: Acquisition
- Loan Terms: 3-years, Full Term IO, 85% LT
The acquisition loan amount totals $15,412,000 and the terms include a 3-year duration with full term interest-only payments and an 85% loan-to-value ratio.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,412,000.00
Monthly NOI$102,746.67
Monthly Debt Service$97,414.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions