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MC Investment Partners Secures $58.2M Bridge Loan For Multifamily Properties In San Jose & Hayward

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FINANCED
$58,200,000

California

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MultiFamily
Financed 02/09/2022
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Property Image
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 Deals
MultiFamily
Financed 02/09/2022
Contact now

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.

Players

LENDER

Details

FINANCED
IMAGE: Brandon Baksh DATE: 02/09/2022 ADDRESS: 130 Roundtable Dr. & 29200 Huntwood Ave. MARKET: San Jose & Hayward ASSET TYPE: Multifamily ~ UNITS: 192 ~ ACRES: 13 LANDLORD: MC Investment Partners LENDER: Dwight Capital - Brandon Baksh LOAN AMOUNT: $58,200,000 LOAN TYPE: Bridge Loan

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Deal Type
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