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
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Lender: Readycap
- Landlord: Wickenden Partners
- Brokers: Dov Jeremias & Jacob Fischer
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
Collierville 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93