$14.92 Million Loan Secured By First Foundation Bank For 1201 Monte Diablo Ave Multifamily
FINANCED
$14,920,000
California
See Similar DealsMultiFamily56,300 SF
Financed 05/26/2021
FINANCED
$14.92 Million Loan Secured By First Foundation Bank For 1201 Monte Diablo Ave Multifamily
1201 Monte Diablo Ave
See Similar DealsMultiFamily56,300 SF
Financed 05/26/2021
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$265
Total Square Footage:56,300 SF
Lot Square Footage:43473 SF
Transaction Type:Loan
The property asset involved in this transaction is a MultiFamily type located at 1201 Monte Diablo Ave in the San Mateo market. The loan amount secured for this asset is $14,920,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $14,920,000.00
- Address: 1201 Monte Diablo Ave
- Market: San Mateo
- Lender: First Foundation Bank
- Brokers: Joe Bolognese, Trevor Damyan (CLS | CRE)
This transaction involves Joe Bolognese and Trevor Damyan acting as brokers, with Trevor Damyan representing the interests aligned with CLS | CRE within the deal. The lender facilitating the loan for this transaction is First Foundation Bank.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,920,000.00
Monthly NOI$99,466.67
Monthly Debt Service$94,304.55
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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