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Nimes Real Estate Secures $13.725 Million Refinance Loan For Multifamily Property In Matthews NC

Property Image
FINANCED
$13,725,000
Henry Stimler
William (Bill) Weber
Ricky Warner

North Carolina

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MultiFamily125,000 SF
Financed 12/30/2024
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Property Image
FINANCED

Nimes Real Estate Secures $13.725 Million Refinance Loan For Multifamily Property In Matthews NC

4313 Margaret Wallace Road

See Similar Deals
MultiFamily125,000 SF
Financed 12/30/2024
Henry Stimler
William (Bill) Weber
Ricky Warner
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$109
Total Square Footage:125,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily building located at 4313 Margaret Wallace Road in Matthews, NC. The asset encompasses a total square footage of 125,000 and consists of 74 units, reflecting its capacity for accommodating residents.

Summary of transaction details:

This transaction was facilitated by brokers Ricky Warner, Henry Stimler, and William Weber, who represent Newmark. Their involvement underscores the collaboration between the firms during the refinancing process for the property.

Players

William (Bill) Weber
Newmark
William Weber
49 deals$9.6B volume
BROKER
Henry Stimler
Newmark
Henry Stimler
53 deals$4.7B volume
BROKER
Ricky Warner
Newmark
Ricky Warner
40 deals$2.5B volume(818) 687-0714
BROKER
Fannie Mae
Fannie Mae
LENDER

Details

FINANCED
IMAGE: Ricky Warner, Henry Stimler & William Weber DATE: 12/30/2024 ADDRESS: 4313 Margaret Wallace Road MARKET: Matthews, NC ASSET TYPE: Multifamily ~ SF: 125,000 ~ UNITS: 74 LENDER: Fannie Mae (@OfficialFannieMae) LANDLORD: Nimes Real Estate BROKERS: Ricky Warner (@RickyWarner1), Henry Stimler (@HenryStimler) & William Weber - Newmark (@Newmark) LOAN AMOUNT: $13,725,000 LOAN TYPE: Refinance LOAN TERMS: 5yr Term | Full Term IO | 5.46% All-in Rate | 65% LTV

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,725,000.00

Monthly NOI$91,500.00
Monthly Debt Service$86,751.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00