Marcus & Millichap Capital Corporation Provides $7.1M Loan For Multifamily Property In Westminster
FINANCED
$7,100,000
California
See Similar DealsMultiFamily58,340 SF
Financed 10/22/2020
FINANCED
Marcus & Millichap Capital Corporation Provides $7.1M Loan For Multifamily Property In Westminster
15401 Beach Blvd, Westminster, CA 92683, Estados Unidos
See Similar DealsMultiFamily58,340 SF
Financed 10/22/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$121
Total Square Footage:58,340 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,100,000.00
Monthly NOI$47,333.33
Monthly Debt Service$44,876.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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