Hunt Real Estate Capital Provides $64.1M Loan For Multifamily Property In San Pedro
1327 West Park Western Drive, San Pedro, CA, USA
$64,100,000
$8/SF
Building Size
8,001,300 SF
Asset Type
MultiFamily
Closing
Sep 2, 2019
AI
An apartment complex located at 1327 West Park Western Drive in San Pedro has been involved in a closed transaction. The property is a multifamily building consisting of 216 units. The transaction took place on 09/03/2019.
Summary of transaction details
- Property Type: Multifamily
- Address: 1327 West Park Western Drive, San Pedro
- Market: San Pedro
- Loan Amount: $64,100,000
- Loan Terms: 17-year, Fannie Mae M.TEB loan on a 40-year amortization schedule
- Lender: Hunt Real Estate Capital
- Landlord: SDG Housing Partners & Affordable Housing Access
- Brokers: Aaron Wooler, John McAlister - Hunt Real Estate Capital
The loan for this transaction was provided by Hunt Real Estate Capital. The landlords involved in the deal were SDG Housing Partners and Affordable Housing Access. The loan amount was $64,100,000, and it had a term of 17 years with a Fannie Mae M.TEB loan on a 40-year amortization schedule. The brokers representing the transaction were Aaron Wooler and John McAlister from Hunt Real Estate Capital. The transaction involved a multifamily property with 216 units located at 1327 West Park Western Drive in San Pedro.
Players
San Pedro 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93