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Hunt Real Estate Capital Provides $64.1M Loan For Multifamily Property In San Pedro

Property Image
FINANCED
$64,100,000
Aaron Wooler
JM

California

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MultiFamily8,001,300 SF
Financed 09/03/2019
the dealplayerscompscontact
Property Image
FINANCED

Hunt Real Estate Capital Provides $64.1M Loan For Multifamily Property In San Pedro

1327 West Park Western Drive, San Pedro, CA, USA

See Similar Deals
MultiFamily8,001,300 SF
Financed 09/03/2019
Aaron Wooler
JM
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$8
Total Square Footage:8,001,300 SF
Transaction Type:Loan

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

Aaron Wooler
Aaron Wooler
1 deal$64.1M volume
BROKER
JM
John McAlister
1 deal$64.1M volume
BROKER
SP
SDG Housing Partners
LANDLORD

Details

FINANCED
IMAGE: Aaron Wooler & John McAlister DATE: 09/03/2019 ADDRESS: 1327 West Park Western Drive MARKET: San Pedro ASSET TYPE: Multifamily LENDER: Hunt Real Estate Capital LANDLORD: SDG Housing Partners & Affordable Housing Access BROKERS: Aaron Wooler, John McAlister - Hunt Real Estate Capitall LOAN AMOUNT: $64,100,000 LOAN TERMS: 17-year, Fannie Mae M.TEB loan on a 40-year amortization schedule UNITS: 216

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$64,100,000.00

Monthly NOI$427,333.33
Monthly Debt Service$405,155.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00