Dan Norville And Travis King Secure $11.5 Million Refinance Loan For Multifamily Asset In Madison
517 Grand Canyon Drive
$11,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 26, 2026
AI
The property asset involved in the transaction is located at 517 Grand Canyon Drive in Madison. This multifamily asset consists of 153 units and has a loan amount of $11,500,000. The loan is categorized as a refinance. The lender for this transaction is Inland Mortgage Capital.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Address: 517 Grand Canyon Drive
- Market: Madison
- Units: 153
- Lender: Inland Mortgage Capital
- Landlord: Dan Norville - OTR; Travis King - Realm
- Broker: Zachary Streit - Priority Capital Advisory
- Loan Type: Refinance
The key individuals involved in this transaction include Dan Norville representing OTR and Travis King representing Realm as the landlords. The broker facilitating the deal is Zachary Streit from Priority Capital Advisory. They played significant roles in the refinancing of this multifamily property asset.
Players
Market 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93