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Grandbridge's $9.3M Freddie Mac Loan Refinances The Ashton In Tyler, Texas

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FINANCED
$9,300,000

Texas

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MultiFamily
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FINANCED

Grandbridge's $9.3M Freddie Mac Loan Refinances The Ashton In Tyler, Texas

1717 Shiloh Rd, Tyler, TX, 75703

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MultiFamily
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The Ashton is a 160-unit apartment community located at 1717 Shiloh Rd, Tyler, TX, 75703. The property was built in 1979 and offers one-, two- and three-bedroom units. Grandbridge Real Estate Capital has provided a $9.3 million Freddie Mac loan for the refinancing of this multifamily asset in Tyler.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $9,300,000.00
  • Market: Tyler
  • Lender's Representative: Senior Vice President Finance (Bellwether Enterprise (BWE))
  • Borrower: Unknown

Paul Harbor of Grandbridge originated the loan, which was structured with a fixed interest rate, 10-year term, and 10 years of interest-only payments. The Ashton's refinancing deal highlights the involvement of Grandbridge Real Estate Capital and the Senior Vice President Finance from Bellwether Enterprise (BWE) as the lender's representative.

Players

Paul Harbor
6 deals$166.2M volume(205) 582-3109
BROKER

Grandbridge Real Estate Capital
BROKERAGE

Details

FINANCED
IMAGE: 1717 Shiloh Rd, Tyler, TX, 75703 MARKET: Tyler ASSET TYPE: MultiFamily LENDER'S REP: Senior Vice President Finance(Bellwether Enterprise (BWE)) BORROWER: Unknown LOAN AMOUNT: $9,300,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,300,000.00

Monthly NOI$62,000.00
Monthly Debt Service$58,782.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00