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517 Grand Canyon Drive

Dan Norville And Travis King Secure $11.5 Million Refinance Loan For Multifamily Asset In Madison
FINANCEDMultiFamily

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:

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

Zachary Streit

Priority Capital Advisory

Broker

$1.1B

vol

26 deals

Broker
Inland Mortgage Capital
Inland Mortgage CapitalLender

Dan Norville

Originator

$15.1M

vol

1 deal

Originator

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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