Danny Hirschberg & Cyrus Mojdehi Acquire Multifamily Property In Gastonia, NC
4132 Gardner Ridge Drive, Gastonia, North Carolina 28056, United States
$5,060,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 23, 2021
AI
Located at 4132 Gardner Ridge Rd. in Gastonia, NC, this transaction involved a multifamily property. The property was acquired by Danny Hirschberg and Cyrus Mojdehi, who serve as the landlords.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,060,000
- Loan Type: Acquisition
- Loan Terms: 3+1+1 – Floating Rate
- Lender: Bancorp
- Brokers: Dov Jeremias, Joel Chetner, and Jacob Fischer from Meridian Capital Group
The loan for this transaction was provided by Bancorp, with a loan amount of $5,060,000. The loan type is an acquisition loan, and the loan terms are 3+1+1 – Floating Rate. Dov Jeremias, Joel Chetner, and Jacob Fischer from Meridian Capital Group served as the brokers representing the parties involved.
Players
Gastonia 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
3.13%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93