HUD Housing Secures $23M Loan For Multifamily Property In Moreno Valley
21012 Box Springs Road, Moreno Valley, CA, USA
$23,000,000
$23,908/SF
Building Size
962 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
AI
A multifamily property located at 21012 Box Springs Road in Moreno Valley has been involved in a recent loan transaction. The property, consisting of 144 units, was financed by Dwight Capital, with Josh Sasouness and Daniel Malka as representatives from the lending institution. The loan amount for this transaction was $23,000,000. The property is owned by the U.S. Department of Housing & Urban Development Housing (HUD).
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Address: 21012 Box Springs Road
- Market: Moreno Valley
- Lender: Dwight Capital - Josh Sasouness & Daniel Malka
- Landlord: U.S. Department of Housing & Urban Development Housing (HUD)
- Units: 144
The loan transaction for the multifamily property at 21012 Box Springs Road in Moreno Valley was facilitated by Dwight Capital, represented by Josh Sasouness and Daniel Malka. The property is owned by the U.S. Department of Housing & Urban Development Housing (HUD), and the loan amount for this transaction was $23,000,000.
Players
Moreno Valley 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93