Updated Oct 29, 2024
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
About this deal
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.
The multifamily loan at 325 South Center Street in Collierville, Tennessee financed for $4.1M in 2022. 325 South Center Street is classified as Multifamily on Traded. Jacob Fischer, Dov Jeremias, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the Collierville, Tennessee file for the 325 South Center Street multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Collierville sit in the Market section below. Filter that Collierville multifamily set by closing date to see what else financed near 325 South Center Street around 2022. Published consideration for 325 South Center Street is $4.1M, dated 2022. Cite this Wickenden Partners Acquires Multifamily Property In Collierville, TN With $4.1M Loan From Readycap loan when underwriting similar multifamily product around Collierville, Tennessee.
On the Map
$4,100,000
MultiFamily
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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