Updated May 12, 2025
Robert Bhat Of Marcus & Millichap Arranges $10.1 Million Loan For Alto Station Apartments In Eau Claire
325 Main Street
$10,100,000
Units
88
Asset Type
MultiFamily
Closing
Apr 28, 2025
About this deal
AI
The asset involved in the transaction is the Alto Station Apartments, a multifamily property located at 325 Main Street in Eau Claire, Wisconsin. The property consists of 88 units and has been refinanced for a total amount of $10,100,000, with an interest rate of 6.75%. The project will include 40% affordable units.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $10,100,000
- Address: 325 Main Street
- Market: Eau Claire, WI
- Units: 88
- Interest Rate: 6.75%
- Affordable Units: 40%
The refinancing was arranged by MMCC, with Robert Bhat representing Marcus & Millichap in the transaction. The involvement of these professionals contributed to the successful execution of the refinancing for the Alto Station Apartments.
On the Map
$10,100,000
MultiFamily
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Eau Claire MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93