Updated Dec 4, 2024
Chris Dornin & Tyson Bryan Refinance Student Housing In Pullman For $31.5M
1920 Northeast Terre View Drive
$31,500,000
Building Size
—
Asset Type
Student Housing
Closing
May 10, 2024
About this deal
AI
The property involved in the transaction is a student housing asset located at 1920 NE Terre View Dr in Pullman, Washington. The property comprises 843 beds and was subject to a refinance loan amounting to $31,500,000. The lenders involved in the transaction were Chris Dornin & Tyson Bryan from Dornin Investment Group, with Maxim Capital Group acting as the note-on-note lender.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $31,500,000
- Address: 1920 NE Terre View Dr
- Market: Pullman, Washington
- Beds: 843
- Lender: Chris Dornin & Tyson Bryan - Dornin Investment Group
- Note-On-Note Lender: Maxim Capital Group
Chris Dornin & Tyson Bryan from Dornin Investment Group are actively engaged in buying non-performing notes secured by well collateralized real estate, showcasing their expertise and strategic focus in the real estate market.
On the Map
$31,500,000
Student Housing
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Players
Pullman Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93