David Eyzenberg Of Eyzenberg & Company Arranges $22.5M Bridge Loan At Myrtle Beach
FINANCED
$22,500,000
South Carolina
See Similar DealsMultiFamily
Financed 03/26/2024
FINANCED
David Eyzenberg Of Eyzenberg & Company Arranges $22.5M Bridge Loan At Myrtle Beach
MultiFamily
Financed 03/26/2024
Summary
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,500,000.00
Monthly NOI$150,000.00
Monthly Debt Service$142,215.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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