Updated Mar 17, 2025
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
About this deal
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.
On the Map
$98,000,000
MultiFamily
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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