Quad Property Group Acquires 170-Unit Multifamily Property In Fredericksburg, VA For $31.7M Financing From Berkadia
FINANCED
$31,700,000
Virginia
See Similar DealsMultiFamily
Financed 06/30/2022
FINANCED
Quad Property Group Acquires 170-Unit Multifamily Property In Fredericksburg, VA For $31.7M Financing From Berkadia
214 Kings Mill Court, Fredericksburg, Virginia 22401, United States
See Similar DealsMultiFamily
Financed 06/30/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 214 Kings Mill Ct in Fredericksburg, VA has been involved in a recent closed transaction. The property consists of 170 units and is owned by Quad Property Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $31,700,000
- Date: 06/30/2022
- Market: Fredericksburg, VA
- Landlord: Quad Property Group
The broker representing the deal is Joshua Finley from Berkadia. The transaction involved acquisition financing in the form of a three-year bridge loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,700,000.00
Monthly NOI$211,333.33
Monthly Debt Service$200,365.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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