Updated Oct 28, 2024
AGM Financial Services, Inc Provides $38.1M Loan For Multifamily Property In Williamsburg, VA
506 North Henry Street, Williamsburg, Virginia 23185, United States
$38,139,200
Units
162
Asset Type
MultiFamily
Closing
Oct 25, 2022
About this deal
AI
The multifamily property located at 506 N Henry St in Williamsburg, VA has recently undergone a closed loan transaction. The property consists of 162 units and spans across 11 acres. The loan was provided by AGM Financial Services, Inc, with Margaret Allen and Myles Perkins representing the lender.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $38,139,200
- Address: 506 N Henry St
- Market: Williamsburg, VA
- Units: 162
- Acres: 11
The loan amount provided for this transaction was $38,139,200. The lender, AGM Financial Services, Inc, was represented by Margaret Allen and Myles Perkins during the deal.
Players
Williamsburg 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93