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126 Langdon St

Old National Bank Provides $19,600,000 Loan For Multifamily Property At 126 Langdon St Madison
FINANCEDMultiFamily

Old National Bank Provides $19,600,000 Loan For Multifamily Property At 126 Langdon St Madison

126 Langdon St

$19,600,000

$185/SF

Building Size

105,406 SF

Asset Type

MultiFamily

Closing

Jun 6, 2025

AI

The asset involved in this transaction is a MultiFamily property located at 126 Langdon St in the Madison market. The loan amount associated with this property is $19,600,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $19,600,000.00
  • Address: 126 Langdon St
  • Market: Madison
  • Lender: Old National Bank
  • Broker: Michael J. Gefter

This transaction involved Michael J. Gefter representing the interests of the parties in the deal. The key financial institution facilitating the loan for this transaction was Old National Bank.

Players

Michael J. Gefter

Broker

$282.5M

vol

66 deals

Broker
Wolf Investment Partners
Wolf Investment PartnersBrokerage
Old National Bank
Old National BankLender

Steve Brown

Landlord
Landlord

Madison 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

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93