Updated Oct 29, 2024
Fernmoor Homes Acquires Multifamily Property In Mount Holly For $26M
1 Kirby Court
$26,000,000
Units
108
Asset Type
MultiFamily
Closing
Mar 8, 2023
About this deal
AI
The multifamily property located at 1 Kirby Court in Mount Holly has been involved in a recent transaction. The property consists of 108 units and is owned by Fernmoor Homes, represented by Jeffrey Fernbach. The loan for this transaction was provided by Dwight Mortgage Trust.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,000,000
- Date: 03/08/2023
- Address: 1 Kirby Court, Mount Holly
- Market: Mount Holly
- Units: 108
Jeffrey Fernbach of Fernmoor Homes served as the landlord in this transaction. The loan amount for the deal was $26,000,000, and it was categorized as a bridge loan.
On the Map
$26,000,000
MultiFamily
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Players
Brisbane MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93