Updated Mar 11, 2025
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
About this deal
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.
On the Map
$58,200,000
MultiFamily
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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