MC Investment Partners Secures $58.2M Bridge Loan For Multifamily Properties In San Jose & Hayward
130 Roundtable Drive, San Jose, California 95111, United States
$58,200,000
Units
192
Asset Type
MultiFamily
Closing
Feb 8, 2022
AI
MC Investment Partners has secured a bridge loan of $58,200,000 for a multifamily property located at 130 Roundtable Dr. in San Jose and 29200 Huntwood Ave. in Hayward. The property encompasses 13 acres and consists of 192 units.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $58,200,000
- Address: 130 Roundtable Dr. & 29200 Huntwood Ave., San Jose & Hayward
- Market: San Jose & Hayward
- Units: 192
- Acres: 13
The bridge loan was provided by Dwight Capital, represented by Brandon Baksh. MC Investment Partners, the landlord, successfully secured the loan to facilitate the transaction.
Players
San Jose 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93