Natixis Corporate & Investment Banking Provides $76.8M Acquisition Financing For 384-Unit Multifamily In Murfreesboro, TN
5150 Jack Byrnes Drive, Murfreesboro, Tennessee 37128, United States
$76,825,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 18, 2022
AI
The multifamily property located at 5150 Jack Byrnes Dr in Murfreesboro, TN has been involved in a recent transaction. The property consists of 384 units and was acquired through acquisition financing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $76,825,000
- Address: 5150 Jack Byrnes Dr, Murfreesboro, TN
- Market: Murfreesboro, TN
The loan for this transaction was provided by Natixis Corporate & Investment Banking. The brokers involved in the deal were Jon Mikula, Michael Klein, Ryan Carroll, and Salvatore Buzzerio from JLL.
Note: No additional information is available at this time.
Players
Murfreesboro 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93