Berkadia Arranges $29.04M Loan For Bender Cos' Acquisition Of Madison Multifamily Property
FINANCED
$29,040,000
Wisconsin
See Similar DealsMultiFamily
Financed 01/09/2023
FINANCED
Berkadia Arranges $29.04M Loan For Bender Cos' Acquisition Of Madison Multifamily Property
6840 Schroeder Rd, Madison, Wisconsin 53719, United States
See Similar DealsMultiFamily
Financed 01/09/2023
Summary
WISCONSIN
Asset Type:MultiFamily
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$29,040,000.00
Monthly NOI$193,600.00
Monthly Debt Service$183,552.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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