$350,000 Loan Secured For Multifamily Property At 18 E Main St Wilmington
18 E Main St
$350,000
$112/SF
Building Size
3,100 SF
Asset Type
MultiFamily
Closing
Jul 13, 2023
AI
The property asset involved in this transaction is a MultiFamily located at 18 E Main St in Wilmington. The loan amount for this asset is $350,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $350,000.00
- Address: 18 E Main St
- Market: Wilmington
- Brokers: Michael J. Gefter
Michael J. Gefter represents the transaction as the broker, facilitating the loan agreement for this MultiFamily property in Wilmington. His role is crucial in ensuring the successful closure of this deal.
Players
Wilmington 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
45.32%
Cash-on-Cash
-12.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93