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Fernmoor Homes Acquires Multifamily Property In Mount Holly For $26M

Property Image
FINANCED
$26,000,000

Queensland

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MultiFamily
Financed 03/08/2023
the dealdetailscomps
Property Image
FINANCED

Fernmoor Homes Acquires Multifamily Property In Mount Holly For $26M

1 Kirby Court

See Similar Deals
MultiFamily
Financed 03/08/2023
the dealdetailscomps

Summary

Asset Type:MultiFamily
Transaction Type:Loan

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.

Details

FINANCED
IMAGE: Jeffrey Fernbach DATE: 03/08/2023 ADDRESS: 1 Kirby Court MARKET: Mount Holly ASSET TYPE: Multifamily ~ UNITS: 108 LENDER: Dwight Mortgage Trust LANDLORD: Fernmoor Homes (@FernmoorHomes) - Jeffrey Fernbach LOAN AMOUNT: $26,000,000 LOAN TYPE: Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,000,000.00

Monthly NOI$173,333.33
Monthly Debt Service$164,337.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00