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Exponential Equity Secures $9.1M Acquisition Loan For Gaffney Multifamily Property

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FINANCED

Virginia

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MultiFamily
the dealdetailscomps
Property Image
FINANCED

Exponential Equity Secures $9.1M Acquisition Loan For Gaffney Multifamily Property

112 Martin Lane

See Similar Deals
MultiFamily
the dealdetailscomps

Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Loan

The acquisition of a 96-unit multifamily property located at 112 Martin Lane in Gaffney, SC has been financed through a $9,140,000 loan provided by RMWC. The loan is of acquisition type and has a three-year floating rate with full-term interest-only payments.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $9,140,000
  • Loan Type: Acquisition
  • Loan Terms: 3-year floating rate loan with full-term interest-only payments
  • Lender: RMWC
  • Landlord: Exponential Equity
  • Broker: Zach Lutwak-Fitzgerald - Black Bear Capital Partners

The financing for this acquisition transaction was secured through Zach Lutwak-Fitzgerald of Black Bear Capital Partners, who represented the buyer in the deal. Exponential Equity is the landlord of the property.

Details

FINANCED
IMAGE: Zach Lutwak-Fitzgerald DATE: 9/22/22 ADDRESS: 112 Martin Lane MARKET: Gaffney, SC ASSET TYPE: Multifamily LENDER: RMWC LANDLORD: Exponential Equity BROKER: Zach Lutwak-Fitzgerald - Black Bear Capital Partners (@BlackBearCapitalPartners) LOAN AMOUNT: $9,140,000 LOAN TYPE: Acquisition LOAN TERMS: The acquisition of the 96-unit multifamily property was financed with a 3-year floating rate loan and full-term interest-only payments.

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Monthly NOI$0.00
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