KeyBank Provides $49.3M Construction Loan For Development Site In San Diego
4132 Beyer Boulevard, San Ysidro, California 92173, United States
$49,300,000
Building Size
—
Asset Type
Development Site
Closing
Sep 20, 2022
AI
A development site located at 4132 Beyer Boulevard in San Ysidro, San Diego has recently been involved in a transaction. The property, owned by 4132 Beyer L.P - Metropolitan Area Committee on Anti-Poverty & Kingdom Development, attracted the attention of lenders and brokers.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $49,300,000
keybank-''>KeyBank Community Development Lending and Investment provided a construction loan of $49,300,000 for the development of the property. Matthew Haas and Keven Ruf from KeyBank acted as brokers in the deal.
Players
San Diego Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93