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3810 S Redwood Rd

Artemis Real Estate Partners And Preserve Partners Secure $67.79M Freddie Mac Loan For Enclave At Redwood
FINANCEDMultiFamily

Artemis Real Estate Partners And Preserve Partners Secure $67.79M Freddie Mac Loan For Enclave At Redwood

3810 S Redwood Rd

$67,790,000

Building Size

Asset Type

MultiFamily

Closing

Oct 31, 2024

AI

The asset involved in this transaction is a 486-unit garden-style multifamily property located at 3810 S Redwood Rd, West Valley City, Utah. The property was acquired with a loan amount of $67,790,000 provided by Freddie Mac, specifically for acquisition purposes.

Summary of transaction details:

Berkadia facilitated the financing of Enclave at Redwood, highlighting the involvement of multiple broker representatives in securing the acquisition loan for the buyers, Artemis Real Estate Partners and Preserve Partners, contributing to the successful closure of this transaction.

Players

Michael Slovitt

Berkadia

Broker

$227.3M

vol

5 deals

Broker
Freddie Mac
Freddie MacLender

West Valley 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

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93