HUD Refinances 36-Unit Multifamily Property In West Fargo, ND For $5.8M
FINANCED
$5,800,000
North Dakota
See Similar DealsMultiFamily
Financed 10/17/2022
FINANCED
HUD Refinances 36-Unit Multifamily Property In West Fargo, ND For $5.8M
3100 Sheyenne Street, West Fargo, North Dakota 58078, United States
See Similar DealsMultiFamily
Financed 10/17/2022
Summary
NORTH DAKOTA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 3100 Sheyenne Street in West Fargo, ND has undergone a refinancing transaction. The property consists of 36 units and is owned by EPIC Companies. The loan was obtained from the Federal Housing Administration/hud''>HUD for a total amount of $5,800,000. The loan term is set for 35 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 3100 Sheyenne Street, West Fargo, ND
- Market: West Fargo, ND
- Units: 36
The loan was facilitated by Northmarq acting as the broker for the transaction. Their role involved representing the interests of the parties involved in the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,800,000.00
Monthly NOI$38,666.67
Monthly Debt Service$36,659.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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