HUD & Greystone Provide $38.4M Refinance Loan For 285-Unit Multifamily In Columbia, SC
137 Roseberry Lane, Columbia, South Carolina 29223, United States
$38,372,600
$25,195/SF
Building Size
1,523 SF
Asset Type
MultiFamily
Closing
Jul 11, 2022
AI
The multifamily property located at 137 Roseberry Ln in Columbia, SC has recently undergone a loan transaction. The property consists of 285 units and has been subject to a refinance loan. The loan amount for this transaction was $38,372,600. The lender involved in this deal was hud''>HUD & greystone''>Greystone, while the broker representing the parties involved was Joseph Sasson from Eastern Union.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $38,372,600
- Address: 137 Roseberry Ln
- Market: Columbia, SC
- Units: 285
The loan terms for this transaction include a fixed interest rate of 3.74 percent. The loan has a 35-year term and is on a self-liquidating basis.
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Columbia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93