Marcus & Millichap Arranges $25M Loan For Multifamily Property At 12851 Haster Street In Garden Grove
FINANCED
$25,000,000
California
See Similar DealsMultiFamily121,780 SF
Financed 04/10/2020
FINANCED
Marcus & Millichap Arranges $25M Loan For Multifamily Property At 12851 Haster Street In Garden Grove
12851 Haster Street, Garden Grove, CA, USA
See Similar DealsMultiFamily121,780 SF
Financed 04/10/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$205
Total Square Footage:121,780 SF
Transaction Type:Loan
Located at 12851 Haster Street in Garden Grove, this multifamily property was recently involved in a closed transaction. The property spans a total of 121,780 square feet, and it consists of 144 units. The loan amount secured for this transaction was $25,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $25,000,000
- Market: Garden Grove
- Lender: Marcus & Millichap
- Broker: Sharone Sabar
- Loan Terms: 7 years fixed @ 3.40% 5 years interest only / non-recourse
- Leverage: 62%
The lender for this transaction was Marcus & Millichap. The broker representing this deal was Sharone Sabar, showcasing their expertise in the market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,000,000.00
Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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