Updated Oct 29, 2024
Berkadia Arranges $29.04M Loan For Bender Cos' Acquisition Of Madison Multifamily Property
6840 Schroeder Rd, Madison, Wisconsin 53719, United States
$29,040,000
Units
466
Asset Type
MultiFamily
Closing
Jan 8, 2023
About this deal
AI
The property involved in this transaction is a multifamily asset located at 6840 Schroeder Road in Madison, WI. The property consists of 466 units and is owned by Bender Cos. The transaction was facilitated by Berkadia and involved an acquisition loan of $29,040,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,040,000
- Address: 6840 Schroeder Road
- Market: Madison, WI
- Units: 466
- Landlord: Bender Cos
- Broker: Berkadia
- Loan Type: Acquisition
The key individuals and companies involved in this deal were the landlord, Bender Cos, and the broker, Berkadia. They played crucial roles in facilitating the acquisition loan for the multifamily property located at 6840 Schroeder Road in Madison, WI.
Players
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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93