FINANCED
SFMG Acquires Multifamily Property In Middletown, RI For $29.5M Loan
3 Admiralty Drive
MultiFamily
Financed 1 year ago
Summary
Loan
RHODE ISLAND
MultiFamily
Located at 3 Admiralty Dr in Middletown, RI, this multifamily property encompasses 179 units spread across 15 acres. The property was recently involved in a closed transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $29,500,000
- Loan Type: Acquisition financing
- Loan Terms: 10 year fixed rate, with two years of interest only
The transaction was facilitated by Patrick Brady from Brady Capital Advisors, LLC, representing the buyer SFMG. The deal involved a loan of $29,500,000 for the acquisition financing of the multifamily property.
Note: The image provided by Patrick Brady showcases the property involved in the transaction.
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2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Patrick Brady
DATE: 06/10/2022
ADDRESS: 3 Admiralty Dr
MARKET: Middletown, RI
ASSET TYPE: Multifamily ~ UNITS: 179 ~ ACRES: 15
LANDLORD: SFMG
BROKER: Patrick Brady - Brady Capital Advisors, LLC
LOAN AMOUNT: $29,500,000
LOAN TYPE: Acquisition financing
LOAN TERMS: 10 year fixed rate, with two years of interest onlyView on map
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Address3 Admiralty Drive
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