Hill Investment Group Secures $12.1M Acquisition Loan With Kiser Real Estate Capital
California
See Similar DealsHill Investment Group Secures $12.1M Acquisition Loan With Kiser Real Estate Capital
105 Los Robles Road, Novato, California 94949, United States
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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.
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