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3815 Maypop Circle

Arbor Provides $24.8M Cash-out Refinance Loan For The Pointe At Myrtle Beach Multifamily
FINANCEDMultiFamily

Arbor Provides $24.8M Cash-out Refinance Loan For The Pointe At Myrtle Beach Multifamily

3815 Maypop Circle

$24,758,000

Building Size

Asset Type

MultiFamily

Closing

Nov 1, 2022

AI

The Pointe at Myrtle Beach, located at 3815 Maypop Circle in Myrtle Beach, SC, has recently undergone a cash-out refinance transaction. The multifamily property, owned by Loboda Properties and Michael Loboda, secured a loan amount of $24,758,000 through Arbor - Freddie Mac. This loan type allows the borrower to access the equity built in the property for other purposes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $24,758,000
  • Lender: Arbor - Freddie Mac
  • Landlord: Loboda Properties - Michael Loboda
  • Loan Type: Cash-out Refinance

The involvement of Loboda Properties and Michael Loboda as the property's landlord highlights their role in securing the cash-out refinance loan. This transaction allows them to leverage the equity in The Pointe at Myrtle Beach for other real estate ventures or business purposes.

Players

LP
Loboda PropertiesLandlord

Myrtle Beach 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

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93