Boyd Wilson Acquires 384-Unit Multifamily Property In Bethlehem From Valley Park South LLC For $97M

The property involved in this transaction is a multifamily asset located at 1818 Catasauqua Road in Bethlehem, Pennsylvania. This asset comprises 384 units, with a sale price of $97 million, resulting in a per unit price of $252,604.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $97,000,000
• Units: 384
• Price Per Unit: $252,604
• Buyer: Boyd Wilson
• Seller: Valley Park South LLC
• Financing: $67.9 million Freddie Mac loan
• Preferred Equity Investment: $13.5 million from Northmarq

This transaction involves Boyd Wilson, who acquired the property for his firm, marking the first combined preferred equity and Freddie Mac financing transaction handled by Northmarq.