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
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