Menora Financial Acquires Multifamily Portfolio In Norman & Oklahoma City For $64M
101 Crestland Drive, Norman, Oklahoma 73071, United States
$64,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 11, 2022
AI
A multifamily property located at 101 Crestland Dr, 3001 Pheasant Run Rd, 408 Summit Ridge Dr, 4396 NW 36th St, and 5577 NW 50th St in Norman and Oklahoma City, OK, was involved in a recent loan transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $64,000,000
- Lender: Limekiln Real Estate
- Landlord: Menora Financial
- Brokers: Morris Betesh, Gershon Friedman & Omar Ferreira - Meridian Capital Group
The loan provided was for the purpose of acquisition financing.
Morris Betesh, Gershon Friedman, and Omar Ferreira from the Meridian Capital Group represented the parties involved in the deal.
Players
Norman 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93