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849 E Washington Ave, Madis...

Compass Properties Secures Loan From Pearlmark In Madison Multifamily Deal
FINANCEDMultiFamily

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:

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

Phil Galligan

JLL

Broker

$338.5M

vol

6 deals

Broker
Pearlmark
PearlmarkLender

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93