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HUD & Greystone Provide $38.4M Refinance Loan For 285-Unit Multifamily In Columbia, SC

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FINANCED
$38,372,600

South Carolina

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MultiFamily1,523 SF
Financed 07/12/2022
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Property Image
FINANCED

HUD & Greystone Provide $38.4M Refinance Loan For 285-Unit Multifamily In Columbia, SC

137 Roseberry Lane, Columbia, South Carolina 29223, United States

See Similar Deals
MultiFamily1,523 SF
Financed 07/12/2022
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Summary

SOUTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$25,195
Total Square Footage:1,523 SF
Transaction Type:Loan

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.

Players

2 deals$49.3M volume
BROKER

Greystone
BROKERAGE

HUD
LENDER

Greystone
LENDER

Details

FINANCED
IMAGE: Joseph Sasson DATE: 07/12/2022 ADDRESS: 137 Roseberry Ln MARKET: Columbia, SC ASSET TYPE: Multifamily ~ UNITS: 285 LENDER: HUD & Greystone BROKER: Joseph Sasson - Eastern Union LOAN AMOUNT: $38,372,600 LOAN TYPE: Refinance LOAN TERMS: The interest rate was fixed at 3.74 percent over a 35-year term, on a self-liquidating basis.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$38,372,600.00

Monthly NOI$255,817.33
Monthly Debt Service$242,540.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00