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R&V Management Secures $43M Loan For 2175 Kettner Multifamily

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FINANCED
$43,000,000

California

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MultiFamily78,000 SF
Financed 09/21/2020
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Property Image
FINANCED

R&V Management Secures $43M Loan For 2175 Kettner Multifamily

2175 Kettner

See Similar Deals
MultiFamily78,000 SF
Financed 09/21/2020
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$551
Total Square Footage:78,000 SF
Transaction Type:Loan

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

Brian Cruz
5 deals$225.6M volume(858) 646-4794
BROKER

William (Bill) Chiles
CBRE
9 deals$436.7M volume
BROKER

Scott Peterson
CBRE
15 deals$728.2M volume
BROKER

LANDLORD

Details

FINANCED
IMAGE: Bill Chiles, Scott Peterson & Brian Cruz DATE: 09/21/2020 ADDRESS: 2175 Kettner MARKET: Little Italy, San Diego ASSET TYPE: Multifamily LANDLORD: R&V Management BROKERS: Bill Chiles, Scott Peterson & Brian Cruz – CBRE LOAN AMOUNT: $43,000,000 LOAN TERMS: 10-year UNITS: 129 SF: 7,800

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$43,000,000.00

Monthly NOI$286,666.67
Monthly Debt Service$271,789.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00