David Eyzenberg Of Eyzenberg & Company Arranges $22.5M Bridge Loan At Myrtle Beach
$22,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 26, 2024
AI
The multifamily property located at 228 Moorland Reserve Place in Myrtle Beach, SC, was involved in a recent transaction. The loan amount for this property was $22,500,000, and it was a Bridge loan provided by Encore Finance.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $22,500,000
- Address: 228 Moorland Reserve Place
- Market: Myrtle Beach, SC
- Lender: Encore Finance
- Broker: David Eyzenberg - Eyzenberg & Company
- Image: Boris Zhuravel & David Eyzenberg
David Eyzenberg of Eyzenberg & Company served as the broker for this deal, facilitating the loan transaction for the multifamily property. Boris Zhuravel was also involved in the transaction, representing an additional aspect of the property deal.
Players
Market 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93