Updated Dec 4, 2024
Colliers Mortgage Secures $11.05M Refinance Loan For Hummingbird Heights Multifamily Property
$11,054,000
Units
108
Asset Type
MultiFamily
Closing
Nov 7, 2023
About this deal
AI
Adrian Hartman of Colliers Mortgage St. Louis successfully closed an $11,054,000 Fannie Mae loan for the refinancing of Hummingbird Heights in Union, Missouri. Hummingbird Heights is a 108-unit market-rate multifamily property located at 564 Red Bill Dr.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,054,000
- Units: 108
- Address: 564 Red Bill Dr, Union, MO
The loan was obtained by Hummingbird Heights LLC, the landlord and owner of the property. The refinancing deal was facilitated by Adrian Hartman from Colliers Mortgage, who served as the broker representing the transaction.
Players
Market 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93