Ami Eller Of GPARENCY Secures $11.3M Refinance Loan In Greenville
FINANCED
$11,300,000
Texas
See Similar DealsMultiFamily161,000 SF
Financed 04/17/2024
FINANCED
Ami Eller Of GPARENCY Secures $11.3M Refinance Loan In Greenville
1919 Joe Ramsey Boulevard North
See Similar DealsMultiFamily161,000 SF
Financed 04/17/2024
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$70
Total Square Footage:161,000 SF
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,300,000.00
Monthly NOI$75,333.33
Monthly Debt Service$71,423.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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