Steven Vegh's Westwood Realty Associates Facilitates $63M Loan For Multifamily Property At 1210 Pressley Road, Charlotte, NC
FINANCED
$63,000,000
South Carolina
See Similar DealsMultiFamily323,480 SF
Financed 11/09/2022
FINANCED
Steven Vegh's Westwood Realty Associates Facilitates $63M Loan For Multifamily Property At 1210 Pressley Road, Charlotte, NC
1210 Pressley Road
See Similar DealsMultiFamily323,480 SF
Financed 11/09/2022
Summary
SOUTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$194
Total Square Footage:323,480 SF
Transaction Type:Loan
Westwood Realty Associates broker, Steven Vegh, facilitated the acquisition loan for a multifamily property located at 1210 Pressley Road in Charlotte, NC. The property spans a total square footage of 323,480 and consists of 504 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $63,000,000
- Address: 1210 Pressley Road
- Market: Charlotte, NC
- Broker: Steven Vegh - Westwood Realty Associates
The loan, valued at $63,000,000, was specifically utilized for the purpose of acquisition. This deal was made possible through the efforts of Steven Vegh from Westwood Realty Associates, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$63,000,000.00
Monthly NOI$420,000.00
Monthly Debt Service$398,202.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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