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
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