Updated Mar 11, 2025
Highland Realty Capital Provides $22.65M Loan For 55-unit Multifamily Property In Willow Glen, San Jose
1785 Almaden Rd, Willow Glen, San Jose, CA, USA
$22,650,000
$20,277/SF
Building Size
1,117 SF
Asset Type
MultiFamily
Closing
Mar 24, 2021
About this deal
AI
Highland Realty Capital has provided a loan of $22,650,000 for the acquisition of a multifamily property located at 1785 Almaden Rd. in Willow Glen, San Jose. The transaction took place on March 25, 2021. The property consists of 55 units and is situated in a prime market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,650,000
- Units: 55
- Lender: Highland Realty Capital
- Brokers: Jeffrey K. Eliason & Leland Ortega
Jeffrey K. Eliason and Leland Ortega, acting as brokers, facilitated the loan transaction. They played key roles in securing the financing for the acquisition.
On the Map
$22,650,000
$20,277/SF
MultiFamily
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Players
San Jose 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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93