Bid Date: ASAP, earlier interest will have priority
MIAC Analytics is pleased to announce the offering of a Senior and Mezzanine Financing for refinancing and redevelopment of a multifamily property located in the northeastern united states. The seller is a commercial bridge loan lender.
Investment Opportunity:
- Property Type: Multifamily (210 Units)
- As Complete/Stabilized Value: $84,300,000
- As-is Value: $77,750,000
- Total Principal Balance: $70,000,000
- Loan to value:
- Senior: ($54,450,000) – 70% (As-is) 65% (Stabilized)
- Mezz: ($15,550,000) – 65% (As-is) 18% (Stabilized)
- Financed Improvements: $5,500,000
- Proposed WAC (8/31): 11.756%, Adjustable
- Index + Margin:
- Senior: 30 Day SOFR + 6.0%
- Mezz: 30 Day SOFR + 8.0%
Find out more
Learn more about MIAC Whole Loan Sales & Brokerage
Contact
For more information about this transaction, contact your MIAC sales representative at (212) 233 – 1250
Steve Harris
Managing Director, MIAC Capital Markets
(908) 400-2615
Steve.Harris@miacanalytics.com
Nicholas Dorn
SVP, Whole Loan Sales, Trading
(561) 346-6814
Nicholas.Dorn@miacanalytics.com