Freddie Mac Provides $40.2M Refinance Loan For 99-Unit Apartment In Brookfield, WI
FINANCED
$40,200,000
Wisconsin
See Similar DealsMultiFamily
Financed
FINANCED
Freddie Mac Provides $40.2M Refinance Loan For 99-Unit Apartment In Brookfield, WI
15905 West Wisconsin Avenue, Elm Grove, Wisconsin 53122, United States
See Similar DealsMultiFamily
Financed
Summary
WISCONSIN
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is an apartment complex located at 15905 Wisconsin Ave, 21805 Foxhaven Run # 1, situated in Brookfield, WI, within the Waukesha market. The property consists of 99 units and is part of a refinancing arrangement for a loan amount of $40,200,000.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $40,200,000
- Loan Type: Refinance
- Lender: Freddie Mac
- Brokers: Brett Hood - Northmarq
This transaction includes representation by Brett Hood from Northmarq, who acted on behalf of the broker in this refinancing deal. Michael DeVito is also associated with the transaction, although his specific role is not detailed in the context provided.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,200,000.00
Monthly NOI$268,000.00
Monthly Debt Service$254,091.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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