Updated Sep 5, 2024
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
About this deal
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
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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