CBB Refinances Multifamily Property In San Bernardino For $7.52M
1775 East 20th Street, San Bernardino, California 92404, United States
$7,520,000
$117/SF
Building Size
64,152 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
AI
The multifamily property located at 1775 E. 20th St. in San Bernardino has been involved in a recent closed transaction. The property has a total square footage of 64,152 and consists of 88 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $7,520,000
- Market: San Bernardino
- Lender: CBB
- Landlord: Peter Wong
The loan for this transaction was provided by CBB. Tauro Capital Advisors, represented by Frankie Paparella, assisted in brokering the deal. The loan amount for the refinance was $7,520,000, with a 3.25% interest rate. No additional information is available about this transaction.
Players
San Bernardino MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.11%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93