Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
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Brian Hummell
Director
614.468.5773 brian.hummell@berkadia.com
Patrick Jordan
Managing Director
901.425.1828
patrick.jordan@berkadia.com
License: AR PB00079371
Ben Parrish
Associate Director
901.425.1829
ben.parrish@berkadia.com
License: TN 366891
INVESTMENT ADVISORS
raplh depasquale
Managing Director
312.845.8572 ralph.depasquale@berkadia.com
MEMPHIS OFFICE
2320 S Germantown Road
2nd Floor
Germantown, TN 38138
Office: 901.425.1828
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Value-Add Opportunity:
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investment highlights
Discover the potential of Riverbend Apartments, a 96-unit community perfectly positioned in the heart of West Memphis, just 10 miles from Downtown Memphis. This prime location offers residents the convenience of quick commutes via Interstates I-40 and I-55, making it an ideal choice for those working in Memphis, Little Rock, or Jonesboro.
Seize the opportunity to invest in Riverbend Apartments, where prime location, attractive financing, and value-add potential converge to offer a compelling investment proposition.
THE OPPORTUNITY
Investors will appreciate the assumable FNMA debt at a favorable 5.29% interest rate, with a balance around $4,900,000. This offers a better-than-market loan-to-value (LTV) ratio, enhancing the financial appeal of this investment.
Built in 1975, Riverbend Apartments features predominantly classic units, presenting a significant value-add opportunity. New investors can unlock potential through strategic interior upgrades and optimized management practices, focusing on leasing and expense management.
Residents will enjoy the proximity to the newly renovated Southland Casino, just 10 minutes away, which employs 1,200 workers and adds to the vibrant local economy.
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AUCTION ON September 9th
Riverbend Apartments
301 Rainy Pass Rd, West Memphis, AR 72301