Updated Dec 4, 2024
Rafi Golberstein Provides $8M C-PACE Loan For The Washington In Eau Claire
North Crossing
$8,000,000
Units
200
Asset Type
Development Site
Closing
Mar 25, 2024
About this deal
AI
The Washington, a 200-unit luxury apartment development in Eau Claire, Wisconsin, has secured $8 million in C-PACE financing from PACE Loan Group, led by Rafi Golberstein.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $8,000,000
- Market: Eau Claire, WI
- Lender: Rafi Golberstein - PACE Loan Group
- Units: 200
Pace Loan Group, with Rafi Golberstein at the helm, provided the financing for The Washington's development in Eau Claire, Wisconsin.
The development site loan at North Crossing in De Pere, Wisconsin financed for $8M in 2024. Reported inventory is 200 units across 200 units. This page is the De Pere, Wisconsin file for the North Crossing development site financed: pricing, party profiles, and other closed development site comps from the same De Pere sit in the Market section below. Filter that De Pere development site set by closing date to see what else financed near North Crossing around 2024. Published consideration for North Crossing is $8M, dated 2024. Cite this Rafi Golberstein Provides $8M C-PACE Loan For The Washington In Eau Claire loan when underwriting similar development site product around De Pere, Wisconsin.
On the Map
$8,000,000
Development Site
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Players
De Pere Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93