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5406 Viewcrest Way, Raleigh...

Rich Properties Secures $161.4M Multifamily Loan In Raleigh, Clayton & Carrboro, NC; Woodstock, GA, San Antonio, TX, Southbridge, MA & St. Louis, MO
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

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.

Players

Greystone
GreystoneLender

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