Updated Dec 4, 2024
Daniel Kowalsky Secures $4M Acquisition Loan From Sonata Bank In Nashville
$4,000,000
Building Size
—
Asset Type
Development Site
Closing
Apr 9, 2024
About this deal
AI
A development site in Nashville, TN was involved in a recent transaction with a loan amount of $4,000,000 provided by Sonata Bank for acquisition purposes.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,000,000
- Market: Nashville, TN
- Asset Type: Development Site
- Lender: Sonata Bank
- Broker: Daniel Kowalsky - HKS Real Estate Advisors
- Loan Type: Acquisition
Daniel Kowalsky from HKS Real Estate Advisors represented the deal as a broker for the acquisition loan provided by Sonata Bank. The transaction involved key individuals and companies in facilitating the acquisition of the development site in Nashville, TN.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93