facebook
Traded Co logo
Submit
Daily limit: 0/10

Boyd Wilson Secures $39.35M Loan For Multifamily Properties In Lancaster And Hershey

Property Image
FINANCED
$39,350,000
Kristopher (Kris) Wood
John Banas

Pennsylvania

See Similar Deals
MultiFamily
Financed 03/31/2025
the dealplayerscompscontact
Property Image
FINANCED

Boyd Wilson Secures $39.35M Loan For Multifamily Properties In Lancaster And Hershey

9 Lamppost Lane & 199 Cherry Drive

See Similar Deals
MultiFamily
Financed 03/31/2025
Kristopher (Kris) Wood
John Banas
the dealplayerscompscontact
Contact now

Summary

PENNSYLVANIA
Asset Type:MultiFamily
Transaction Type:Loan

The transaction involves two multifamily properties located at 9 Lamppost Lane in Lancaster and 199 Cherry Drive in Hershey, Pennsylvania. The loan amount for refinancing these assets is $39,350,000. The properties, known as Pioneer Woods and Rosedale Apartments, are part of the Lancaster and Hershey markets.

Summary of transaction details:

Boyd Wilson is the landlord of the properties involved in this refinancing deal. The brokerage firm NorthMarq played a significant role in facilitating the transaction, with John Banas and Kristopher (Kris) Wood representing the interests of the landlord in this process.

Players

John Banas
NorthMarq
John Banas
6 deals$320.3M volume(215) 803-2244
BROKER
Kristopher (Kris) Wood
NorthMarq
Kristopher Wood
6 deals$320.3M volume(215) 219-8404
BROKER
Fannie Mae
Fannie Mae
LENDER

Details

FINANCED
IMAGE: 03/31/2025 ADDRESS: 9 Lamppost Lane & 199 Cherry Drive MARKET: Lancaster & Hershey, PA ASSET TYPE: MultiFamily LENDER: Fannie Mae LANDLORD: Boyd Wilson BROKERS: John Banas & Kristopher (Kris) Wood - NorthMarq LOAN AMOUNT: $39,350,000 NOTE: Northmarq closed $39.35M in refinancing for two Pennsylvania multifamily properties, Pioneer Woods in Lancaster and Rosedale Apartments in Hershey, on behalf of Boyd Wilson. The 10-year, fixed-rate loans were arranged through Northmarq’s in-house Fannie Mae DUS platform.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$39,350,000.00

Monthly NOI$262,333.33
Monthly Debt Service$248,718.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00