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
Madison MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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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