Updated Mar 4, 2026
Westwood Realty Associates' Steven Vegh Brokers $47.45M Acquisition Loan For Multifamily Property In Greenville, NC
3800 Bostic Dr, Greenville, North Carolina 27834, United States
$47,450,000
$68/SF
Building Size
690,000 SF
Asset Type
MultiFamily
Closing
May 3, 2022
About this deal
AI
The multi-family property located at 3800 & 4020 Bostic Drive in Greenville, NC has recently been involved in a loan transaction. The property spans across 690,000 square feet and consists of 600 units. The loan, totaling $47,450,000, was obtained for the purpose of acquisition. The loan terms include an 85% loan-to-value ratio and a 3-year term with full-term interest-only payments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $47,450,000
- Address: 3800 & 4020 Bostic Drive, Greenville, NC
- Market: Greenville, NC
- Square Footage: 690,000
- Units: 600
The loan transaction was facilitated by broker Steven Vegh from Westwood Realty Associates. His involvement in the deal highlights his expertise in the real estate industry and his ability to successfully assist clients in acquiring financing for their property acquisitions.
Players
Greenville 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
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93