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Capstone Companies Brokers $5.5M Bridge Loan For Greensboro Multifamily

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FINANCED
$5,500,000
Eric Liebich
Ron Corrao

North Carolina

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MultiFamily99,760 SF
Financed 10/17/2023
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FINANCED

Capstone Companies Brokers $5.5M Bridge Loan For Greensboro Multifamily

503 South O'Henry Boulevard

See Similar Deals
MultiFamily99,760 SF
Financed 10/17/2023
Eric Liebich
Ron Corrao
the dealplayerscompscontact
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Summary

NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$55
Total Square Footage:99,760 SF
Transaction Type:Loan

A bridge loan in the amount of $5,500,000 was secured for a multifamily property located at 503 South O'Henry Boulevard in Greensboro, NC. The property spans a total square footage of 99,760 and consists of 116 units. The loan was provided by Wickenden Partners, with Cyrus Mojdehi and Danny Hirschberg representing the lender. The borrower is Wynnefield Properties.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,500,000
  • Address: 503 South O'Henry Boulevard, Greensboro, NC
  • Market: Greensboro, NC
  • Square Footage: 99,760
  • Units: 116

Ron Corrao from Capstone Companies and Eric Liebich acted as the brokers in the deal, representing the buyer or seller. They facilitated the transaction on behalf of the involved parties.

Players

Ron Corrao
NorthMarq
Ron Corrao
13 deals$274.9M volume(757) 749-6994
BROKER
Eric Liebich
NorthMarq
Eric Liebich
11 deals$257.3M volume(704) 935-7019
BROKER
Wickenden Partners
Wickenden Partners
LENDER

Details

FINANCED
IMAGE: Cyrus Mojdehi, Ron Corrao, Eric Liebich & Danny Hirschberg DATE: 10/17/2023 ADDRESS: 503 South O'Henry Boulevard MARKET: Greensboro, NC ASSET TYPE: Multifamily ~ SF: 99,760 ~ UNITS: 116 LENDER: Wickenden Partners - Cyrus Mojdehi (@CyrusMoj) & Danny Hirschberg (@DannyHirschberg) LANDLORD: Wynnefield Properties BROKERS: Ron Corrao (@RonCorrao) & Eric Liebich (@ELiebich) - Capstone Companies (@Capstone_CRE) LOAN AMOUNT: $5,500,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,500,000.00

Monthly NOI$36,666.67
Monthly Debt Service$34,763.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00