Marcus & Millichap Arranges $25M Loan For Multifamily Property At 12851 Haster Street In Garden Grove
12851 Haster Street, Garden Grove, CA, USA
$25,000,000
$205/SF
Building Size
121,780 SF
Asset Type
MultiFamily
Closing
Apr 9, 2020
AI
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.
Players
Garden Grove 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93