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Birches Owner LLC Secures $3 Million Freddie Mac Loan For The Birches Townhomes Refinance
FINANCED
$3,000,000
North Dakota
See Similar DealsMultiFamily
Financed 11/13/2024
FINANCED
Birches Owner LLC Secures $3 Million Freddie Mac Loan For The Birches Townhomes Refinance
208 34th Street East
See Similar DealsMultiFamily
Financed 11/13/2024
Summary
NORTH DAKOTA
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is The Birches Townhomes, a multifamily asset located at 208 34th Street East in Williston, North Dakota. This property consists of 60 units and was built in 2015. It underwent refinancing with a loan amount of $3,000,000 secured through Freddie Mac.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Lender: Freddie Mac
- Landlord: Birches Owner LLC
- Broker: Joshua Bernard - Bernard Financial Group
- Loan Type: Refinance
Joshua Bernard, representing Bernard Financial Group, facilitated the refinancing of The Birches Townhomes on behalf of Birches Owner LLC. The refinancing was completed on November 13, 2024, enabling the landlord to optimize their financing for this multifamily property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,000,000.00
Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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