Santander Bank Provides $49M Loan For Multifamily Property At 500 E Main St In Durham, NC
FINANCED
$49,000,000
North Carolina
See Similar DealsMultiFamily
Financed 06/09/2022
FINANCED
Santander Bank Provides $49M Loan For Multifamily Property At 500 E Main St In Durham, NC
500 East Main Street, Durham, North Carolina 27701, United States
See Similar DealsMultiFamily
Financed 06/09/2022
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 500 E Main St in Durham, NC has been involved in a loan transaction. The property consists of 248 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $49,000,000
- Lender: Santander Bank
- Landlord: ZOM Living & AEW Capital Management
Santander Bank provided a loan amount of $49,000,000 for the multifamily property at 500 E Main St. The landlord of the property is ZOM Living & AEW Capital Management.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$49,000,000.00
Monthly NOI$326,666.67
Monthly Debt Service$309,713.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions