Menora Financial Acquires Multifamily Portfolio In Norman & Oklahoma City For $64M
FINANCED
Oklahoma
See Similar DealsMultiFamily
Financed 08/12/2022
FINANCED
Menora Financial Acquires Multifamily Portfolio In Norman & Oklahoma City For $64M
101 Crestland Drive, Norman, Oklahoma 73071, United States
See Similar DealsMultiFamily
Financed 08/12/2022
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:
- 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
LENDER
Details
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Deal Type
30 years
10 years
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
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