Updated Dec 4, 2024
InstaLend Corporation Provides $1.47M Cashout Refinance On 18-Property Portfolio In Dayton
3212 East 4th Street, 4557 West 2nd Street, 227 Sandhurst Drive, 1130 Haller Avenue, 317 Fernwood Avenue, 411 North Kilmer Street, 101 West Parkwood Drive & 2016-2018 Eastview Avenue
$1,477,000
$2/SF
Building Size
80,000 SF
Asset Type
Package Deal
Closing
May 3, 2024
About this deal
AI
The package deal consists of 18 properties located across various addresses in Dayton, Ohio, totaling 80,000 square feet. The loan amount for this portfolio was $1,477,000, and it was a refinance deal provided by InstaLend Corporation. InstaLend facilitated a cashout refinance for this diverse property portfolio.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $1,477,000
- Address: 3212 E 4th St., 4557 W 2nd St., 227 Sandhurst Dr., 1130 Haller Ave., 317 Fernwood Ave., 411 N Kilmer St., 101 E Parkwood Dr., 2016-2018 Eastview Ave., 3109 Smithville Rd., 817 Huron Ave., 124 Missouri Ave., 732 Keowee St., 63 Fountain Ave., 28 Colgate Ave., 3012 Edison St., 230 Geneva Rd., 2301 Riverside Dr.
- Market: Dayton, Ohio
The loan was provided by InstaLend Corporation, known for offering tailored financial solutions in the real estate sector. The involvement of InstaLend Corporation underscores its commitment to supporting property owners through refinancing options, ensuring continued growth and stability in the market.
Players
Dayton Package Deal Market Snapshot
Boundary boundary · Package Deal · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.74%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93