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29212 Mission Blvd, Hayward...

Madison Realty Capital Provides $105M Construction Loan For Hayward Townhome-Condo Development
FINANCED

Madison Realty Capital Provides $105M Construction Loan For Hayward Townhome-Condo Development

29212 Mission Blvd, Hayward, CA, USA

$105,000,000

$513/SF

Building Size

204,601 SF

Asset Type

Closing

Sep 9, 2021

AI

A townhome-condo development located at 29212 Mission Blvd in Hayward, California was recently involved in a closed transaction. The property is part of the residential real estate market in Hayward and offers potential buyers a range of townhome and condo options.

Summary of transaction details

  • Property Type: Townhome-Condo Development
  • Transaction Amount: $105,000,000
  • Address: 29212 Mission Blvd, Hayward
  • Market: Hayward, California

Madison Realty Capital provided a loan of $105,000,000 for the development. The loan was specifically for construction purposes, indicating that the property is in the process of being built or renovated. The lender, Josh Zegen, represents Madison Realty Capital in this transaction.

The True Life Companies, represented by Scott Clark, is the landlord of this townhome-condo development. The role of a landlord implies that The True Life Companies own the property and lease or rent it to tenants.

SDG Architects, Inc. collaborated with Robert Becker for the architectural design of the development. By combining their expertise, they contributed to the creation of high-quality designs that meet the required construction standards and specifications.

Players

Madison Realty Capital
Madison Realty CapitalLender

Scott Clark

The True Life Companies

Landlord

$184M

vol

3 deals

Landlord

Hayward CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93