Updated Nov 20, 2023
Dwight Capital Refinances Multifamily Property In Salt Lake City For $21.4M
365 Paxton Ave Salt Lake City, UT 84101, USA
$21,400,000
Units
121
Asset Type
MultiFamily
Closing
Dec 13, 2022
About this deal
AI
The multifamily property located at 365 Paxton Ave in Salt Lake City has undergone a refinancing transaction. The property consists of 121 units and is situated in the Salt Lake City market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,400,000
- Lender: Dwight Capital
- Loan Type: Refinance
In this refinancing deal, Dwight Capital provided a loan amount of $21,400,000 to the owners of the multifamily property. The loan was used to refinance the property, allowing the owners to secure more favorable loan terms and potentially reduce their financial burden. The transaction was completed on 12/13/2022.
Players
Salt Lake City 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93