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503 South O'Henry Boulevard

Capstone Companies Brokers $5.5M Bridge Loan For Greensboro Multifamily
FINANCEDMultiFamily

Capstone Companies Brokers $5.5M Bridge Loan For Greensboro Multifamily

503 South O'Henry Boulevard

$5,500,000

$55/SF

Building Size

99,760 SF

Asset Type

MultiFamily

Closing

Oct 17, 2023

AI

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

Broker

$274.9M

vol

13 deals

Broker
Wickenden Partners
Wickenden PartnersLender

Greensboro MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93