Updated Oct 29, 2024
Colliers International Secures $XX Million Loan For 128-Unit Multifamily Property In Seguin
Fairway Manor Apartments, 1048 Country Club Dr, Seguin, Tx 78155, Usa
Building Size
99,784 SF
Asset Type
MultiFamily
Closing
Sep 21, 2020
About this deal
AI
The recent closed transaction in Seguin involved a multifamily property located at 1048 Country Club Drive. The property consists of 128 units and was financed by Old Capital Lending. The loan terms for this transaction include a 10-year term and a 30-year amortization.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: N/A
- Lender: Old Capital Lending
- Units: 128
- Loan Terms: 10-year term & a 30-year amortization
- Address: 1048 Country Club Drive
- Market: Seguin
The transaction was facilitated by Colliers International, a prominent brokerage agency in the area.
Players
Seguin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93