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9345 Blue House Road

American Landmark Secures $42 Million Acquisition Loan For 304-Unit Multifamily In Ladson SC
FINANCEDMultiFamily

American Landmark Secures $42 Million Acquisition Loan For 304-Unit Multifamily In Ladson SC

9345 Blue House Road

$42,000,000

$280/SF

Building Size

150,000 SF

Asset Type

MultiFamily

Closing

Aug 28, 2024

AI

The property asset at 9345 Blue House Road in Ladson, SC is a multifamily unit consisting of 304 units. The acquisition loan amount is $42,000,000, reflecting the property's market value and strategic positioning within the region.

Summary of transaction details:

The transaction involved key players such as the landlord American Landmark and brokers William Weber, Henry Stimler, and Matthew Mense, who represent the commercial real estate firm Newmark in facilitating this loan acquisition.

Players

William Weber

Newmark

Broker

$9.6B

vol

49 deals

Broker
Freddie Mac
Freddie MacLender

Ladson 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

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93