R&V Management Secures $43M Loan For 2175 Kettner Multifamily
2175 Kettner
$43,000,000
$551/SF
Building Size
78,000 SF
Asset Type
MultiFamily
Closing
Sep 20, 2020
AI
Located in the vibrant neighborhood of Little Italy, San Diego, the multifamily property at 2175 Kettner has recently undergone a closed transaction. Managed by R&V Management, this property offers 129 units spread across approximately 7,800 square feet of space. The deal was facilitated by CBRE brokers Bill Chiles, Scott Peterson, and Brian Cruz, who represented the interests of the parties involved.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $43,000,000
- Loan Terms: 10-year
- Address: 2175 Kettner, Little Italy, San Diego
- Market: Little Italy, San Diego
- Landlord: R&V Management
The $43,000,000 loan for this transaction was secured for a 10-year term. The property, consisting of 129 units, offers a total of 7,800 square feet of livable space. The involvement of CBRE brokers Bill Chiles, Scott Peterson, and Brian Cruz ensured a smooth transaction, representing the interests of the parties involved.
Players
San Diego 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93