Updated Oct 29, 2024
Fannie Mae Provides $30M Acquisition Loan For Columbus Multifamily Property
$30,000,000
$119/SF
Building Size
252,170 SF
Asset Type
MultiFamily
Closing
May 9, 2023
About this deal
AI
A multifamily property in Columbus, with a total square footage of 252,170 and consisting of 230 units, has recently been involved in a loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Loan Type: Acquisition
- Loan Terms: 7-year Fixed Rate; 70% LTV; 5.25% All-in Rate; 5 years IO
The loan for this property was provided by Fannie Mae. The brokers involved in the transaction were Henry Stimler, Bill Weber, Ricky Warner, and Daniel Sarsfield, who represented the buyer in the deal.
Please note that no additional information was provided in the given context.
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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93