Updated Feb 16, 2024
Marcus & Millichap Capital Corporation Provides $7.1M Loan For Multifamily Property In Westminster
15401 Beach Blvd, Westminster, CA 92683, Estados Unidos
$7,100,000
$121/SF
Building Size
58,340 SF
Asset Type
MultiFamily
Closing
Oct 21, 2020
About this deal
AI
The Cesarec Group secured financing for a unique multifamily property located at 15401 Beach Boulevard in Westminster. The loan amount for this transaction was $7,100,000, with a loan term of 5 years fixed and a 30-year amortization schedule.
Summary of transaction details:
- Property Type: Multifamily
- Loan Amount: $7,100,000
- Loan Terms: 5 Year Fixed / 30 Year Am
Marcus & Millichap Capital Corporation served as the lender for this transaction. The landlord, Kwang Kil, sought financing for the property through The Cesarec Group. Marc Cesarec from The Cesarec Group acted as the broker in the deal.
Players
Westminster 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93