Updated Mar 11, 2025
Associated Bank Provides $14.1M Construction Financing For Madison Multifamily Project
22 North Blount Street, Madison, Wisconsin 53703, United States
$14,100,000
Units
44
Asset Type
MultiFamily
Closing
Dec 19, 2022
About this deal
AI
The multifamily property located at 22 N Blount St in Madison, WI has been involved in a recent loan transaction. The loan was provided by Associated Bank for construction financing.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,100,000
- Units: 44
- Lender: Associated Bank
Associated Bank played a significant role in this transaction by providing a loan amount of $14,100,000 for the construction financing of the 44-unit multifamily property at 22 N Blount St in Madison, WI. This loan will support the development and construction of the property.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93