FINANCEDMultiFamily
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
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
Players
Bank OZKLender
TP
The Neutral ProjectLandlord
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