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Hill Investment Group Secures $12.1M Acquisition Loan With Kiser Real Estate Capital

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FINANCED
$12,100,000

California

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MultiFamily35,351 SF
Financed 04/01/2022
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Property Image
FINANCED

Hill Investment Group Secures $12.1M Acquisition Loan With Kiser Real Estate Capital

105 Los Robles Road, Novato, California 94949, United States

See Similar Deals
MultiFamily35,351 SF
Financed 04/01/2022
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$342
Total Square Footage:35,351 SF
Transaction Type:Loan

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

3 deals$64.5M volume
BROKER

Kiser Real Estate Capital
LENDER

Details

FINANCED
IMAGE: Kevin Kiser DATE: 04/01/2022 ADDRESS: 105 Los Robles Rd. MARKET: Bay Area ASSET TYPE: Multifamily ~ SF: 35,351 ~ UNITS: 38 LENDER: Kiser Real Estate Capital LANDLORD: Hill Investment Group BROKER: Kevin Kiser - Kiser Real Estate Capital (@KiserCapital) LOAN AMOUNT: $12,100,000 LOAN TYPE: Acquisition LOAN TERMS: 74% LTV, 5 year fixed, interest only, rate in the low 3's

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,100,000.00

Monthly NOI$80,666.67
Monthly Debt Service$76,480.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00