Updated Oct 28, 2024
Tides Equities Acquires Multifamily Property In Colton For $72.5M Loan From MF1 Capital
1699 E Washington St, Colton, CA, USA
$72,500,000
$235/SF
Building Size
308,030 SF
Asset Type
MultiFamily
Closing
Aug 12, 2021
About this deal
AI
A multifamily property located at 1699 E. Washington St. in Colton has been involved in a recent transaction. The property consists of 366 units and is owned by Tides Equities. The transaction was facilitated by the brokerage firm CBRE. The loan was provided by MF1 Capital, with a loan amount of $72,500,000. The loan terms include a 5-year full term interest-only period.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $72,500,000
- Address: 1699 E. Washington St., Colton
- Market: Colton
- Units: 366
The deal involved various key individuals and companies. The loan was provided by MF1 Capital. Tides Equities serves as the landlord. CBRE was the brokerage firm representing the parties involved in the transaction.
Players
Colton 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93