Updated Oct 29, 2024
KeyBank Community Development Lending & Investment Provides $44.2M Loan For River Oaks Family Apartments Development Site
700 Bogue Road, Yuba City, California 95991, United States
$44,200,000
Building Size
—
Asset Type
Development Site
Closing
Jan 9, 2023
About this deal
AI
River Oaks Family Apartments, located at 700 Bogue Rd in Plumas Lake, has recently undergone a property transaction involving a development site. The transaction was completed on 01/10/2023.
Summary of transaction details:
- Asset Type: Development Site
- Loan Amount: $44,200,000
- Lender: KeyBank Community Development Lending & Investment
- Landlord: Pacific West Communities - William D. Pennington
- Market: Plumas Lake
William D. Pennington, representing Pacific West Communities, acted as the landlord in the transaction. KeyBank Community Development Lending & Investment provided the loan amount of $44,200,000.
Players
Yuba City Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93