FINANCED
Meliorem Capital Acquires Tulsa Multifamily Portfolio With $10.5M Loan From Ready Capital
4111 East 51street Street & 3377 East Skelly Drive
MultiFamily
134,985 SF
134,985 SF
Financed 1 year ago
Summary
Loan
OKLAHOMA
MultiFamily
134,985 sqft
Located in Tulsa, OK, the multifamily property at 4111 E 51st Street and 3377 E Skelly Drive was recently involved in a closed transaction. This portfolio consists of 174 units, with a total square footage of 134,985.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,523,500
- LENDER: Ready Capital
- LANDLORD: Meliorem Capital
- BROKER: Zach Lutwak-Fitzgerald - Black Bear Capital Partners
The acquisition and renovation of this multifamily portfolio, comprising 174 units, was made possible through a 3-year floating rate loan provided by Ready Capital. The loan amount of $10,523,500 covered 75% loan-to-cost (LTC).
Players
Details
FINANCED
IMAGE: Zach Lutwak-Fitzgerald
DATE: 07/08/2022
ADDRESS: 4111 E 51st Street & 3377 E Skelly Drive
MARKET: Tulsa, OK
ASSET TYPE: Multifamily ~ SF: 134,985 ~ UNITS: 174
LENDER: Ready Capital
LANDLORD: Meliorem Capital
BROKER: Zach Lutwak-Fitzgerald - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $10,523,500
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition and renovation of the two (2) property multifamily portfolio, spanning 174-units, was financed with a 3-year floating rate loan at 75% LTC.View on map
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Address4111 East 51street Street & 3377 East Skelly Drive
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