Updated Nov 18, 2025
Bank OZK And Pearlmark Finance $73.8M Construction Loan For Madison Multifamily Property
849 East Washington Avenue
$73,830,000
$447/SF
Building Size
165,000 SF
Asset Type
MultiFamily
Closing
Dec 23, 2022
About this deal
AI
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $73,830,000
- Units: 206
- Square Footage: 165,000 SF
- Address: 849 East Washington Avenue, Madison
The multifamily loan at 849 East Washington Avenue in Madison, Wisconsin financed for $73.8M in 2022. Reported inventory is 165,000 square feet across 206 units, or about 447 per square foot. Phil Galligan, Mike Brady, JLL appear on the loan alongside JLL. This page is the Madison, Wisconsin file for the 849 East Washington Avenue multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Madison sit in the Market section below. Filter that Madison multifamily set by closing date to see what else financed near 849 East Washington Avenue around 2022. Published consideration for 849 East Washington Avenue is $73.8M, dated 2022. Cite this Bank OZK And Pearlmark Finance $73.8M Construction Loan For Madison Multifamily Property loan when underwriting similar multifamily product around Madison, Wisconsin.
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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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93