Updated Oct 28, 2024
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
$31,700,000
Units
170
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
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.
The multifamily loan at 214 Kings Mill Court, Fredericksburg, Virginia 22401, United States in Fredericksburg, Virginia financed for $31.7M in 2022. Reported inventory is 170 units across 170 units. Joshua Finley, Berkadia appear on the loan alongside Berkadia. This page is the Fredericksburg, Virginia file for the 214 Kings Mill Court, Fredericksburg, Virginia 22401, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Fredericksburg sit in the Market section below. Filter that Fredericksburg multifamily set by closing date to see what else financed near 214 Kings Mill Court, Fredericksburg, Virginia 22401, United States around 2022. Published consideration for 214 Kings Mill Court, Fredericksburg, Virginia 22401, United States is $31.7M, dated 2022. Cite this Quad Property Group Acquires 170-Unit Multifamily Property In Fredericksburg, VA For $31.7M Financing From Berkadia loan when underwriting similar multifamily product around Fredericksburg, Virginia.
On the Map
$31,700,000
MultiFamily
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Players
Fredericksburg 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93