facebook

traded

+ Submit
Home

/

Deals

/

North Carolina

/

Multifamily

/

Loan

/

4132 Gardner Ridge Drive, G...

Danny Hirschberg & Cyrus Mojdehi Acquire Multifamily Property In Gastonia, NC
FINANCEDMultiFamily

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:

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

Dov Jeremias

Meridian Capital Group

Broker

$260.5M

vol

8 deals

Broker
The Bancorp Bank
The Bancorp BankLender
Cyrus Mojdehi

Cyrus Mojdehi

Wickenden Partners

Landlord

$43.8M

vol

6 deals

Landlord

Gastonia MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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