Compass Properties Secures Loan From Pearlmark In Madison Multifamily Deal
849 E Washington Ave, Madison, WI, 5...
Building Size
—
Asset Type
MultiFamily
Closing
Jan 3, 2023
AI
The property involved in the transaction is a MultiFamily asset located at 849 E Washington Ave, Madison, WI. The borrower, Compass Properties, obtained a loan from Lender Pearlmark on 01/03/2023 in the Madison market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Address: 849 E Washington Ave, Madison, WI
- Borrower: Compass Properties
- Borrower's Representatives: Mike Brady(JLL), Phil Galligan(JLL)
- Lender: Pearlmark
The deal involved Mike Brady and Phil Galligan, who represented the borrower, Compass Properties, in securing the loan from Lender Pearlmark for the MultiFamily property at 849 E Washington Ave in the Madison market on 01/03/2023.
Players
Madison 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93