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Menora Financial Acquires Multifamily Portfolio In Norman & Oklahoma City For $64M

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FINANCED
$64,000,000

Oklahoma

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MultiFamily
Financed 08/12/2022
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Property Image
FINANCED

Menora Financial Acquires Multifamily Portfolio In Norman & Oklahoma City For $64M

101 Crestland Drive, Norman, Oklahoma 73071, United States

See Similar Deals
MultiFamily
Financed 08/12/2022
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Summary

OKLAHOMA
Asset Type:MultiFamily
Transaction Type:Loan

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:

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

Morris Betesh
211 deals$12.3B volume(646) 825-7005
BROKER

Omar Ferreira
Arrow Real Estate Advisors
61 deals$3.3B volume(646) 825-7013
BROKER

Gershon Friedman
Meridian Capital Group
3 deals$131.4M volume
BROKER

Limekiln Real Estate
LENDER

Details

FINANCED
IMAGE: Morris Betesh, Gershon Friedman & Omar Ferreira DATE: 08/12/2022 ADDRESS: 101 Crestland Dr, 3001 Pheasant Run Rd, 408 Summit Ridge Dr, 4396 NW 36th St & 5577 NW 50th St MARKET: Norman & Oklahoma City, OK ASSET TYPE: Multifamily LENDER: Limekiln Real Estate LANDLORD: Menora Financial BROKERS: Morris Betesh, Gershon Friedman & Omar Ferreira - Meridian Capital Group LOAN AMOUNT: $64,000,000 LOAN TYPE: Acquisition financing  

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$64,000,000.00

Monthly NOI$426,666.67
Monthly Debt Service$404,523.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00