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Dwight Mortgage Capital Provides $23.6M Loan For Prairie Home Apartments In Vancouver, WA
FINANCED
$23,600,000
Washington
See Similar DealsMultiFamily
Financed 09/26/2023
FINANCED
Dwight Mortgage Capital Provides $23.6M Loan For Prairie Home Apartments In Vancouver, WA
12101 Northeast 116th Street
See Similar DealsMultiFamily
Financed 09/26/2023
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan
Dwight Mortgage Capital has provided $23.6 million in financing for the Prairie Home Apartments, a 120-unit multifamily property located at 12101 Northeast 116th Street in Vancouver, Washington. The loan was secured by the landlord, RRC Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $23,600,000
- Units: 120
- Lender: Dwight Mortgage Capital
- Broker: McBride Capital - Ken McBride & Matt McBride
This financing deal marks the involvement of Dwight Mortgage Capital in providing a significant loan amount to support the acquisition of the Prairie Home Apartments in Vancouver, Washington. The brokers, Ken McBride and Matt McBride from McBride Capital, played a crucial role in facilitating the transaction as representatives of the landlord, RRC Group.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,600,000.00
Monthly NOI$157,333.33
Monthly Debt Service$149,168.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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