Buhl Investors & Saturday Properties Secure $67M Loan For Edina Multifamily Property
3945 Market Street, Edina, Minnesota 55424, United States
$67,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 16, 2022
AI
The multifamily property located at 3945 Market St in Edina, Minnesota has been involved in a recent loan transaction. The property consists of 100 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $67,000,000
- Market: Edina, Minnesota
The loan for this transaction was provided by Fannie Mae DUS. The landlord of the property is Buhl Investors & Saturday Properties. The brokers representing the deal were Scott Loving and Will Hintz from JLL Capital Markets.
No additional information is available regarding this transaction.
Players
Minneapolis 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93