FINANCEDCommercial
FCP Provides $67.1M Multifamily Loan In New York, Pennsylvania, Texas & Maryland
Texas, United States
$67,100,000
Building Size
—
Asset Type
Commercial
Closing
Jan 18, 2022
AI
Multifamily Properties located in New York, Pennsylvania, Texas, and Maryland were involved in a recent loan transaction.
Summary of Transaction Details
- Property Type: Multifamily
- Loan Amount: $67,100,000
- Lender: fcp''>FCP - Kevin Murphy
- Market: New York, Pennsylvania, Texas & Maryland
This loan transaction was facilitated by FCP, represented by Kevin Murphy. The loan amount for the multifamily properties amounted to $67,100,000.
Players
SRS Real Estate PartnersBrokerage
CBREBrokerage
NewmarkBrokerage
JLLBrokerage
Bank of AmericaLender
Fannie MaeLender
FCPLender
Lometa Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93