facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Loan

/

1919 Joe Ramsey Boulevard N...

Ami Eller Of GPARENCY Secures $11.3M Refinance Loan In Greenville
FINANCEDMultiFamily

Ami Eller Of GPARENCY Secures $11.3M Refinance Loan In Greenville

1919 Joe Ramsey Boulevard North

$11,300,000

$70/SF

Building Size

161,000 SF

Asset Type

MultiFamily

Closing

Apr 17, 2024

AI

The Multifamily property located at 1919 Joe Ramsey Boulevard North in Greenville, TX, spans 161,000 square feet and comprises 198 units. The property was involved in a refinancing deal with a loan amount of $11,300,000 provided by CBRE.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $11,300,000
  • Units: 198
  • Lender: CBRE
  • Broker: Ami Eller - GPARENCY
  • Loan Type: Refinance
  • Loan Terms: 5-year deal, 2 years of yield maintenance, 1% PPP for remaining 3 years
  • Broker Fee: Only $4500 Paid

Ami Eller of GPARENCY represented the parties involved in the transaction, facilitating the successful refinancing deal for the multifamily property in Greenville, TX.

Players

Ami Eller

GPARENCY

Broker

$27.5M

vol

2 deals

Broker
CBRE
CBREBrokerage
CBRE
CBRELender

Greenville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93