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HUD Housing Secures $23M Loan For Multifamily Property In Moreno Valley

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FINANCED
$23,000,000

California

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MultiFamily962 SF
Financed 07/30/2020
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FINANCED

HUD Housing Secures $23M Loan For Multifamily Property In Moreno Valley

21012 Box Springs Road, Moreno Valley, CA, USA

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MultiFamily962 SF
Financed 07/30/2020
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$23,908
Total Square Footage:962 SF
Transaction Type:Loan

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

Dwight Capital
Dwight Capital
LENDER
UD
U.S. Department of Housing & Urban Development
LANDLORD

Details

FINANCED
IMAGE: Josh Sasouness DATE: 07/30/2021 ADDRESS: 21012 Box Springs Road MARKET: Moreno Valley ASSET TYPE: Multifamily LENDER: Dwight Capital - Josh Sasouness & Daniel Malka LANDLORD: U.S. Department of Housing & Urban Development Housing (HUD) LOAN AMOUNT: $23,000,000 UNITS: 144

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,000,000.00

Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00