Arbor Realty Trust Provides $25.27 Million Refinance Loan For 296-Unit Multifamily Asset In Charlotte
FINANCED
North Carolina
See Similar DealsMultiFamily100,000 SF
Financed 02/28/2025
Summary
Asset Type:MultiFamily
Price Per Square Foot:$252
Total Square Footage:100,000 SF
Transaction Type:Loan
The transaction involves a multi-family asset consisting of 296 units located in the Charlotte market. The financing includes a refinance loan from Arbor Realty Trust. The loan amount secured for this property is $25,271,000 with a term of 10 years.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $25,271,000
- Lender: Arbor Realty Trust
- Loan Originators: Geoffrey Platt & Jake McMahon
- Broker: David Fryer & Will Gallagher - G.S. Wilcox & Co
- Loan Type: Refinance
- Loan Terms: 10 year
- Units: 296
- Market: Charlotte
Geoffrey Platt and Jake McMahon originated the loan for the respective multi-family asset. The transaction was brokered by David Fryer and Will Gallagher from G.S. Wilcox & Co, facilitating the refinance process between the involved parties.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,271,000.00
Monthly NOI$168,473.33
Monthly Debt Service$159,729.91
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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