Gantry Secures $12.1M Refinance Loan For The Park At Auburn Apartments
510 M Street Southeast Auburn, Washington 98002, USA
$12,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 28, 2023
AI
The Park at Auburn apartments in Auburn, WA, has secured a $12.1 million permanent loan for refinancing. The two-story complex, with 83 fully occupied units, was the subject of the loan obtained by Gantry.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,100,000
- Address: 510 M Street Southeast, Auburn, WA
- Market: Auburn, WA
- Units: 83
Gantry, represented by Mike Wood & Alex Saunders from Gantry, facilitated the $12.1 million loan to refinance The Park at Auburn apartments.
Players
Auburn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93