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
- Property Type: Multifamily
- Transaction Amount: $131,200,000
- Market: Belmont
- Lender: Bank OZK & Square Mile Capital Management LLC - Eric Cohen & Matthew Drummond
- Landlord: Windy Hill Property Ventures
- Brokers: Terry Daly & Dan McLeod - Cushman & Wakefield
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
Belmont 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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93