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:
- Property Type: Multifamily
- Transaction Amount: $42,000,000
- Lender: Freddie Mac
- Landlord: American Landmark
- Brokers: William Weber, Henry Stimler & Matthew Mense - Newmark
- Loan Type: Acquisition
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
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