facebook

traded

+ Submit
Home

/

Deals

/

Tennessee

/

Multifamily

/

Loan

/

325 South Center Street

Wickenden Partners Acquires Multifamily Property In Collierville, TN With $4.1M Loan From Readycap
FINANCEDMultiFamily

Wickenden Partners Acquires Multifamily Property In Collierville, TN With $4.1M Loan From Readycap

325 South Center Street

$4,100,000

Building Size

Asset Type

MultiFamily

Closing

May 20, 2022

AI

The multifamily property located at 325 S. Center Street in Collierville, TN was recently involved in a closed transaction. The acquisition took place on 05/20/2022.

Summary of transaction details

The loan for this acquisition was provided by Readycap. Wickenden Partners acted as the landlord in this transaction. The brokers involved were Dov Jeremias and Jacob Fischer.

Players

Dov Jeremias

Meridian Capital Group

Broker

$260.5M

vol

8 deals

Broker
Wickenden Partners
Wickenden PartnersLandlord

Collierville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93