MC Investment Partners Secures $58.2M Bridge Loan For Multifamily Properties In San Jose & Hayward
FINANCED
$58,200,000
California
See Similar DealsMultiFamily
Financed 02/09/2022
FINANCED
MC Investment Partners Secures $58.2M Bridge Loan For Multifamily Properties In San Jose & Hayward
130 Roundtable Drive, San Jose, California 95111, United States
See Similar DealsMultiFamily
Financed 02/09/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$58,200,000.00
Monthly NOI$388,000.00
Monthly Debt Service$367,863.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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