Updated Oct 28, 2024
FINANCEDMultiFamily
Rich Properties Secures $161.4M Multifamily Loan In Raleigh, Clayton & Carrboro, NC; Woodstock, GA, San Antonio, TX, Southbridge, MA & St. Louis, MO
5406 Viewcrest Way, Raleigh, North Carolina 27606, United States
$161,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 3, 2022
About this deal
AI
The multifamily properties involved in this closed transaction include:
- 5406 Viewcrest Way, Raleigh, NC
- 950 Parkside Village Drive, Clayton, NC
- 601 Jones Ferry Road, Carrboro, NC
- 1395 Buckhead Crossing, Woodstock, GA
- 1983 Oakwell Farms Parkway, San Antonio, TX
- 657 Worcester Street, Southbridge, MA
- 11502 Craig Court, St. Louis, MO
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $161,400,000
- Lender: greystone''>Greystone - Eric Rosenstock & Jesse Yodice
- Landlord: Rich Properties
Eric Rosenstock and Jesse Yodice from Greystone served as the lenders for this transaction. Rich Properties acted as the landlord.
On the Map
$161,400,000
MultiFamily
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Players
GreystoneLender
RP
Rich PropertiesLandlord
Raleigh 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93