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

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FINANCED
$11,300,000

Texas

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MultiFamily161,000 SF
Financed 04/17/2024
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FINANCED

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

1919 Joe Ramsey Boulevard North

See Similar Deals
MultiFamily161,000 SF
Financed 04/17/2024
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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.

Players

Ami Eller
2 deals$27.5M volume
BROKER

CBRE
BROKERAGE

CBRE
LENDER

Details

FINANCED
IMAGE: Ami Eller DATE: 04/18/2024 ADDRESS: 1919 Joe Ramsey Boulevard North MARKET: Greenville, TX ASSET TYPE: Multifamily ~ SF: 161,000 ~ UNITS: 198 LENDER: CBRE (@CBRE) BROKER: Ami Eller - GPARENCY LOAN AMOUNT: $11,300,000 LOAN TYPE: Refinance LOAN TERMS: 5-year deal, 2 years of yield maintenance, 1% PPP for remaining 3 years NOTE FROM BROKER: Broker Fee: Only $4500 Paid

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Deal Type
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