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228 Moorland Reserve Place

David Eyzenberg Of Eyzenberg & Company Arranges $22.5M Bridge Loan At Myrtle Beach
FINANCEDMultiFamily

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

David Eyzenberg

Eyzenberg & Company

Broker

$99.3M

vol

5 deals

Broker
Encore Finance
Encore FinanceLender

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