Updated Dec 21, 2023
Northmarq Brokers Arrange $6.7M Acquisition Loan For Multifamily Property In Petersburg, VA
2732 Park Avenue, Petersburg, Virginia 23805, United States
$6,700,000
Units
95
Asset Type
MultiFamily
Closing
Aug 8, 2022
About this deal
AI
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.
The multifamily loan at 2732 Park Avenue, Petersburg, Virginia 23805, United States in Petersburg, Virginia financed for $6.7M in 2022. Reported inventory is 95 units across 95 units. Reina Abboud, Keith Wells, Hunter Wood, NorthMarq appear on the loan alongside NorthMarq. This page is the Petersburg, Virginia file for the 2732 Park Avenue, Petersburg, Virginia 23805, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Petersburg sit in the Market section below. Filter that Petersburg multifamily set by closing date to see what else financed near 2732 Park Avenue, Petersburg, Virginia 23805, United States around 2022. Published consideration for 2732 Park Avenue, Petersburg, Virginia 23805, United States is $6.7M, dated 2022. Cite this Northmarq Brokers Arrange $6.7M Acquisition Loan For Multifamily Property In Petersburg, VA loan when underwriting similar multifamily product around Petersburg, Virginia.
On the Map
$6,700,000
MultiFamily
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Players
Petersburg 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93