Updated Oct 29, 2024
Dwight Capital Refinances Pullman, WA Multifamily Property For $32.9M
1455 Northeast Brandi Way
$32,900,000
Units
361
Asset Type
—
Closing
Feb 13, 2020
About this deal
AI
The property involved in this transaction is a multifamily property located at 1455 NE Brandi Way in Pullman, WA. It consists of 361 units and belongs to Corporate Pointe Developers. The loan amount for this transaction is $32,900,000, and it is a refinance loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,900,000
- Units: 361
- Lender: Dwight Capital - Keith Hoffman & Jack Tawil
- Landlord: Corporate Pointe Developers
- Loan Type: Refinance
The key individuals involved in this deal are Keith Hoffman and Jack Tawil from Dwight Capital. They represent the lender in this transaction.
Players
Pullman CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93