facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

All

/

Loan

/

Rancho Cordova, California,...

Buchanan Mortgage Holdings Provides $55M Loan For Land, Office & Multifamily Portfolio In San Diego, Hermosa Beach, & Rancho Cordova
FINANCED

Buchanan Mortgage Holdings Provides $55M Loan For Land, Office & Multifamily Portfolio In San Diego, Hermosa Beach, & Rancho Cordova

Rancho Cordova, California, United States

$55,000,000

Building Size

Asset Type

Closing

Sep 29, 2022

AI

The recent transaction involved a portfolio of properties in San Diego County, Hermosa Beach, and Rancho Cordova, California. The portfolio comprised of land, office, and multifamily assets. The loan for this transaction was provided by Buchanan Mortgage Holdings, LLC, with Scott Magoffin representing the lender.

Summary of transaction details:

  • Property Type: Land, Office & Multifamily
  • Transaction Amount: $55,000,000
  • Lender: Buchanan Mortgage Holdings, LLC - Scott Magoffin

This transaction showcases the diverse property types involved, including land, office spaces, and multifamily units. The loan amount of $55,000,000 indicates the significant financial aspect of this deal. Scott Magoffin, representing Buchanan Mortgage Holdings, LLC, played a vital role in facilitating this transaction.

Players

Scott Magoffin

Buchanan Mortgage Holdings, LLC

Lender

$80M

vol

2 deals

Lender
Buchanan Mortgage Holdings
Buchanan Mortgage HoldingsLender

Rancho Cordova CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93