Updated Dec 2, 2024
Carlyle Capital Provides $10.6M Loan For Multifamily Project On Market Street
Kirkland Place, Sacramento, CA, USA
$10,600,000
$7,052/SF
Building Size
1,503 SF
Asset Type
MultiFamily
Closing
May 20, 2020
About this deal
AI
The recently closed transaction involved a multifamily property located at 1313 Market Street in Kirkland. The property, captured in an image by Angel N. Solis, underwent a loan agreement.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,600,000
Carlyle Capital, represented by Angel N. Solis, served as the lender for this transaction. The loan terms included a 7.99% interest-only rate and a loan-to-value ratio of 65%, along with additional funding for construction purposes.
Carlyle Capital, led by Angel and their team, specializes in providing financing options for rental properties, fix-and-flip projects, bridge loans, and construction loans. For further information, visit Carlyle Capital's website at http://www.carlylecapitalinc.com.
Players
Sacramento 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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93