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3145 Honey Run Drive, York,...

Berkshire Bank Provides $33.9M Refinancing Loan For York Multifamily Property
FINANCEDMultiFamily

Berkshire Bank Provides $33.9M Refinancing Loan For York Multifamily Property

3145 Honey Run Drive, York, Pennsylvania 17408, United States

$33,900,000

Building Size

Asset Type

MultiFamily

Closing

Jan 20, 2022

AI

The multifamily property located at 3145 Honey Run Drive in York, PA was recently involved in a refinancing loan transaction. The loan, amounting to $33,900,000, was provided by Berkshire Bank. The landlord, Larken Associates, sought this refinancing loan to meet their financial needs.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $33,900,000
  • Address: 3145 Honey Run Drive, York, PA
  • Market: York, PA

The brokers responsible for this transaction were Drew Fletcher and Paul Fried from Greystone. Their expertise and knowledge in the market played a crucial role in ensuring a successful refinancing loan for Larken Associates. Their representation and negotiation skills helped secure the loan from Berkshire Bank, providing the necessary financial support for the property.

Players

Drew Fletcher

Greystone

Broker

$6.9B

vol

40 deals

Broker
Greystone
GreystoneBrokerage
Berkshire Bank
Berkshire BankLender

Dover Township 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

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93