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Arbor Realty Trust Provides $25.27 Million Refinance Loan For 296-Unit Multifamily Asset In Charlotte

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FINANCED
$25,271,000

North Carolina

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MultiFamily100,000 SF
Financed 02/28/2025
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FINANCED

Arbor Realty Trust Provides $25.27 Million Refinance Loan For 296-Unit Multifamily Asset In Charlotte

MultiFamily100,000 SF
Financed 02/28/2025
Contact now

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.

Players

6 deals$215.6M volume
BROKER


Arbor Realty Trust
LENDER


Details

FINANCED
IMAGE: Geoffrey Platt & Jake McMahon DATE: 02/28/2025 MARKET: Charlotte ASSET TYPE: MultiFamily ~ UNITS: 296 LENDER: Arbor Realty Trust LOAN ORIGINATOR: Geoffrey Platt (@GeoffreyAPlatt) & Jake McMahon BROKER: David Fryer & Will Gallagher - G.S. Wilcox & Co LOAN AMOUNT: $25,271,000 LOAN TYPE: Refinance LOAN TERMS: 10 year

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Deal Type
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