Updated Oct 28, 2024
Hill Investment Group Secures $12.1M Acquisition Loan With Kiser Real Estate Capital
105 Los Robles Road, Novato, California 94949, United States
$12,100,000
$342/SF
Building Size
35,351 SF
Asset Type
MultiFamily
Closing
Mar 31, 2022
About this deal
AI
The multifamily property located at 105 Los Robles Rd. in the Bay Area recently underwent a closed transaction. The property spans approximately 35,351 square feet and comprises 38 units. The deal was facilitated by Kiser Real Estate Capital, represented by broker Kevin Kiser. The loan for the acquisition was provided by Kiser Real Estate Capital as well.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $12,100,000
- Loan Type: Acquisition
- Loan Terms: 74% LTV, 5 year fixed, interest only, rate in the low 3's
The loan amount for the acquisition was $12,100,000, and the loan terms included a loan-to-value (LTV) ratio of 74%, a 5-year fixed term, interest-only payments, and a low 3's interest rate. Hill Investment Group acted as the landlord in the transaction.
Players
Novato MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93