Northmarq Brokers Arrange $6.7M Acquisition Loan For Multifamily Property In Petersburg, VA
FINANCED
$6,700,000
Virginia
See Similar DealsMultiFamily
Financed 08/09/2022
FINANCED
Northmarq Brokers Arrange $6.7M Acquisition Loan For Multifamily Property In Petersburg, VA
2732 Park Avenue, Petersburg, Virginia 23805, United States
See Similar DealsMultiFamily
Financed 08/09/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 2701-2732 Park Avenue in Petersburg, VA. It consists of 95 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Address: 2701-2732 Park Avenue, Petersburg, VA
- Market: Petersburg, VA
- Units: 95
The acquisition loan for this property amounted to $6,700,000. The brokers involved in this deal were Hunter Wood, Keith Wells, and Reina Abboud from Northmarq.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,700,000.00
Monthly NOI$44,666.67
Monthly Debt Service$42,348.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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