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401 North Thompson Drive

Axiom Properties Secures $98 Million Refinance Loan From Freddie Mac For Wisconsin Multifamily Properties
FINANCEDMultiFamily

Axiom Properties Secures $98 Million Refinance Loan From Freddie Mac For Wisconsin Multifamily Properties

401 North Thompson Drive, 2615 Amherst Road & 7755 South Scepter Drive

$98,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 26, 2024

AI

The transaction involves three multifamily properties located at 401 North Thompson Drive, 2615 Amherst Road, and 7755 South Scepter Drive in the Madison & Franklin, WI market. The refinancing was secured with a substantial loan amount of $98,000,000 from Freddie Mac.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $98,000,000
  • Lender: Freddie Mac
  • Landlord: Axiom Properties
  • Brokers: Samantha Miller & Tom Reynolds - KBREC Commercial Mortgage Group
  • Loan Type: Refinance

KeyBank Real Estate Capital played a crucial role in securing the refinancing for Axiom Properties, facilitating the process for the three multifamily properties involved in this transaction.

Players

Samantha Miller

KeyBank

Broker

$155M

vol

2 deals

Broker
KeyBank
KeyBankLender

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

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93