Updated Mar 12, 2025
Renovo Provides $4.7 Million Acquisition Loan For 89-Unit Multifamily Asset In Cincinnati
$4,700,000
$9/SF
Building Size
504,000 SF
Asset Type
MultiFamily
Closing
Jan 9, 2025
About this deal
AI
The transaction involves a multifamily asset consisting of 89 units with a total square footage of 126,000 located in Cincinnati, OH. The loan provided for this acquisition amounts to $4,700,000 and has a loan term of 7 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,700,000
- Loan Type: Acquisition
- Loan Terms: 7 Years
- Lender: Renovo
- Brokers: Chaim Weiser & Tzvi Balsam - The Leopard Group
Chaim Weiser and Tzvi Balsam, representing The Leopard Group, played key roles in brokering the deal, facilitating the acquisition process for the involved parties in this transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Tzvi Balsam to view all their deals.
Browse Ohio multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93