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Elliott Properties Secures $13.9M Loan From Freddie Mac For Sedgefield Apartments In Winston-Salem

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FINANCED
$13,900,000

North Carolina

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MultiFamily
Financed 12/24/2024
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Property Image
FINANCED

Elliott Properties Secures $13.9M Loan From Freddie Mac For Sedgefield Apartments In Winston-Salem

4755 Country Club Road

See Similar Deals
MultiFamily
Financed 12/24/2024
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan

The transaction involves Sedgefield Apartments, a multifamily property located at 4755 Country Club Road in Winston-Salem, NC. The asset comprises 144 units and was built in 1987. The community features amenities such as a pool, fitness center, and sports courts, with a loan amount of $13,900,000 facilitated by Freddie Mac.

Summary of transation details:

Walker & Dunlop played a crucial role in arranging the Freddie Mac loan for the property. The broker representatives involved in the deal were Brendan Coleman and Adam Johnston, who represented the interests of Elliott Properties as the landlord.

Players

Brendan Coleman
5 deals$631.7M volume(301) 215-5595
BROKER

Adam Johnston
Walker & Dunlop
1 deal$13.9M volume
BROKER

Freddie Mac
LENDER

Details

FINANCED
IMAGE: 12/24/2024 ADDRESS: 4755 Country Club Road MARKET: Winston-Salem, NC ASSET TYPE: MultiFamily ~ UNITS: 144 LENDER: Freddie Mac LANDLORD: Elliott Properties BROKER: Brendan Coleman & Adam Johnston - Walker & Dunlop LOAN AMOUNT: $13,900,000 NOTE: Walker & Dunlop arranged a $13.9M Freddie Mac loan for Sedgefield Apartments, a 144-unit multifamily property in Winston-Salem. The 1987-built community offers one- and two-bedroom units with amenities like a pool, fitness center, and sports courts.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,900,000.00

Monthly NOI$92,666.67
Monthly Debt Service$87,857.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00