Arbor Realty Trust Provides $25.27 Million Refinance Loan For 296-Unit Multifamily Asset In Charlotte
$25,271,000
$252/SF
Building Size
100,000 SF
Asset Type
MultiFamily
Closing
Feb 28, 2025
AI
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
Market 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93