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
Greenville 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93