The Heights at Battle Creek

1800 West Granger Street Broken Arrow, OK 74012

Loaded Purchase Price: $25,250,000

Equity Offering Amount:$11,250,000

  • Minimum Equity Investment: $325,000
  • Loan: $14,000,000
  • Loan to Value: *55.45%
  • Allocated Debt: $404,444

The Heights at Battle Creek (the “Property”) is a newly built, Class A apartment community consisting of 276 apartment units in twenty-three, three-story buildings containing a total of 237,516 rentable square feet.

1800 West Granger Street Broken Arrow, OK

Beautifully landscaped and maintained, the Property provides residents with secured gate access and the option of either a detached single-car garage or carport.

Realty Investment eXchange, LLC

The Heights at Battle Creek (the “Property”) is a newly built, Class A apartment community consisting of 276 apartment units in twenty-three, three-story buildings containing a total of 237,516 rentable square feet. Beautifully landscaped and maintained, the Property provides residents with secured gate access and the option of either a detached single-car garage or carport. Residents also enjoy access to the Property’s luxurious clubhouse, resort-style pool, state-of-the-art business center, and fitness room with aerobic and weight machines. Individual unit amenities include washer/dryer connections, oversized garden tubs, nine-foot ceilings with crown molding, faux granite countertops, and intrusion alarms. The Property is located in the newly developed Battle Creek master-planned, single-family golf community in Broken Arrow, Oklahoma, a suburb located approximately 13 miles southeast of Tulsa’s central business district.

PROPERTY PROFILE

  • Address: 1800 West Granger Street Broken Arrow, OK 74012
  • Property Type:Multifamily
  • Site: 276-unit, twenty-three building apartment community on approximately 14.8 acre site
  • YearCompleted: 2006

THE FINANCIALS

  • Structure: Property Management
  • Loaded Purchase $25,250,000
  • Equity Offering Amount: $11,250,000
  • Minimum Equity Investment: $325,000
  • Loan: $14,000,000
  • Loan to Value: *55.45%
  • Allocated Debt: $404,444
  • Term: 10 years
  • Interest Only Period: 5 years
  • Rate: 6.58%