Updated Oct 28, 2024
Icer Properties Acquires Multifamily Property In Columbia, SC With $5.9M Loan From Dwight Capital
800 Beatty Road, Columbia, South Carolina 29210, United States
$5,921,150
Building Size
—
Asset Type
MultiFamily
Closing
Jul 15, 2020
About this deal
AI
A loan in the amount of $5,921,150 was secured for a multifamily property located at 800 Beatty Rd. in Columbia, SC. The loan was obtained on 07/15/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,921,150
- Lender: Dwight Capital - Alex Izso, David Scheer, and Kevin Lifshitz
- Landlord: Icer Properties - Joseph Jamal
- Broker: Jonathan Brody
The loan was provided by Dwight Capital, with Alex Izso, David Scheer, and Kevin Lifshitz representing the lending firm. The landlord of the property is Icer Properties, represented by Joseph Jamal. The broker involved in the deal was Jonathan Brody.
Players
Columbia 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
2.68%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93