Updated Nov 28, 2024
Equus Capital Partners Acquires Puyallup, WA Multifamily For $28.56M Loan From Walker & Dunlop
12415 172nd Street East Puyallup, Washington 98374, USA
$28,560,000
Units
150
Asset Type
MultiFamily
Closing
May 18, 2023
About this deal
AI
An acquisition loan was secured for a multifamily property located at 12415 172nd Street East in Puyallup, WA. The property consists of 150 units and was acquired by Equus Capital Partners.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,560,000
- Market: Puyallup, WA
- Lender: Walker & Dunlop
Walker & Dunlop provided a loan amount of $28,560,000 for the acquisition of the multifamily property in Puyallup, WA. Equus Capital Partners, the landlord, successfully secured the loan for this transaction.
Players
Puyallup 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93