Updated Sep 5, 2024
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
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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