Updated Oct 29, 2024
Castle Park Investments Acquires Multifamily Property In Chillicothe For $100M Loan From Wells Fargo
14966 Pleasant Valley Rd Chillicothe, OH 45601, USA
$100,000,000
$50/SF
Building Size
2,000,000 SF
Asset Type
MultiFamily
Closing
Jul 14, 2023
About this deal
AI
The property involved in this transaction is a multifamily asset located at 14966 Pleasant Valley Road in Chillicothe, OH. The property spans approximately 2,000,000 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $100,000,000
- Loan Type: Acquisition
- Lender: Wells Fargo
- Landlord: Castle Park Investments - Evan Bernstein
- Brokers: Jordan Roeschlaub, Dustin Stolly & Chris Kramer - Newmark
- Lender's representative: Charles Scharf
This transaction was facilitated by the lender, Wells Fargo, represented by Charles Scharf. The landlord, Castle Park Investments, was represented by Evan Bernstein. The brokers involved in the deal were Jordan Roeschlaub, Dustin Stolly, and Chris Kramer from Newmark.
Players
Chillicothe 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93