facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

North Carolina

/

Multifamily

/

Loan

/

4755 Country Club Road

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

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

4755 Country Club Road

$13,900,000

Building Size

Asset Type

MultiFamily

Closing

Dec 24, 2024

AI

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

Walker & Dunlop

Broker

$864.1M

vol

6 deals

Broker
Freddie Mac
Freddie MacLender

Winston Salem 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

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93