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Gantry Secures $12.1M Refinance Loan For The Park At Auburn Apartments

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FINANCED
$12,100,000
Mike Wood
Alex Saunders

Washington

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MultiFamily
Financed 06/28/2023
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Property Image
FINANCED

Gantry Secures $12.1M Refinance Loan For The Park At Auburn Apartments

510 M Street Southeast Auburn, Washington 98002, USA

See Similar Deals
MultiFamily
Financed 06/28/2023
Mike Wood
Alex Saunders
the dealplayerscompscontact
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Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Loan

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

Alex Saunders
Gantry
Alex Saunders
7 deals$118.1M volume
BROKER
Mike Wood
Gantry
Mike Wood
15 deals$200.8M volume
BROKER

Details

FINANCED
IMAGE: Mike Wood & Alex Saunders DATE: 06/28/2023 ADDRESS: 510 M Street Southeast MARKET: Auburn, WA ASSET TYPE: Multifamily ~ UNITS: 83 BROKERS: Mike Wood & Alex Saunders - Gantry LOAN AMOUNT: $12,100,000 LOAN TYPE: Refinance NOTE: Gantry has secured a $12.1 million permanent loan to refinance The Park at Auburn apartments in Washington. The two-story complex, consisting of 83 units, is fully occupied, and the loan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,100,000.00

Monthly NOI$80,666.67
Monthly Debt Service$76,480.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00