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San Joaquin

Updated Sep 5, 2024

Beverly Hills' PACT Capital Secures $362M Land Loan For San Joaquin County Acquisition
FINANCEDLand

Beverly Hills' PACT Capital Secures $362M Land Loan For San Joaquin County Acquisition

San Joaquin

$362,000,000

Building Size

Asset Type

Land

Closing

Aug 18, 2023

About this deal

AI

Beverly Hills' PACT Capital has secured a $362 million land loan for the acquisition of 1,600+ acres in a prized masterplan community in Northern California's San Joaquin County. The property, located near San Francisco, is entitled for 5,500 residential units and diverse commercial space.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $362,000,000
  • Market: San Joaquin County
  • Asset Type: Land
  • Acres: 1,600

The loan was facilitated by Adam Mortanian, Tyler Shegerian, Connor Haubursin, and Paul Monsen from PACT Capital. They played a crucial role in securing this significant loan for the acquisition. The loan type for this transaction is an acquisition loan, enabling PACT Capital to acquire the vast land for future development. This financing deal demonstrates the trust in PACT Capital's expertise and their vision for the potential of this property.

Players

Tyler Shegerian

PACT Capital

Broker

$362M

vol

1 deal

Broker

San Francisco Land Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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