Updated Oct 28, 2024
Avanti At Greenwood, LP Secures $4.5M Loan For 81-Unit Multifamily Property In Corpus Christi
6102 Greenwood Drive, Corpus Christi, Texas 78417, United States
$4,500,000
Units
81
Asset Type
MultiFamily
Closing
Oct 3, 2022
About this deal
AI
Avanti at Greenwood, LP has closed a loan for a multifamily property located at 6102 Greenwood Drive in Corpus Christi. The property consists of 81 units and was involved in the transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Loan Terms: 35-year term/amortization
Jeff Rogers from Colliers Mortgage represented the landlord, Avanti at Greenwood, LP, in the loan deal.
The multifamily loan at 6102 Greenwood Drive, Corpus Christi, Texas 78417, United States in Corpus Christi, Texas financed for $4.5M in 2022. Reported inventory is 81 units across 81 units. Colliers appears on the loan alongside Colliers. This page is the Corpus Christi, Texas file for the 6102 Greenwood Drive, Corpus Christi, Texas 78417, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Corpus Christi sit in the Market section below. Filter that Corpus Christi multifamily set by closing date to see what else financed near 6102 Greenwood Drive, Corpus Christi, Texas 78417, United States around 2022. Published consideration for 6102 Greenwood Drive, Corpus Christi, Texas 78417, United States is $4.5M, dated 2022. Cite this Avanti At Greenwood, LP Secures $4.5M Loan For 81-Unit Multifamily Property In Corpus Christi loan when underwriting similar multifamily product around Corpus Christi, Texas.
Players
Corpus Christi 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93