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1325 Old County Road, Belmo...

Bank OZK And Square Mile Capital Management Provide $131.2M Loan For Belmont Multifamily - Terry Daly & Dan McLeod, Cushman & Wakefield
FINANCEDMultiFamily

Bank OZK And Square Mile Capital Management Provide $131.2M Loan For Belmont Multifamily - Terry Daly & Dan McLeod, Cushman & Wakefield

1325 Old County Road, Belmont, CA, USA

$131,200,000

$41,440/SF

Building Size

3,166 SF

Asset Type

MultiFamily

Closing

Jun 17, 2020

AI

The multifamily property located at 1325 Old Country Rd. in Belmont has been involved in a recent transaction.

Summary of transation details

The loan amount for this transaction was $131,200,000, and the property consists of 250 units. The deal was facilitated by Bank OZK and Square Mile Capital Management LLC, represented by Eric Cohen and Matthew Drummond. The landlord involved in this transaction is Windy Hill Property Ventures. The brokers responsible for the deal were Terry Daly and Dan McLeod from Cushman & Wakefield.

Players

Terrence Daly

Cushman & Wakefield

Broker

$964.7M

vol

3 deals

Broker
Square Mile Capital
Square Mile CapitalLender
Bank OZK
Bank OZKLender

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93