Gantry Arranges $14.3M Construction Loan For 64-Unit Multifamily Property In Monterey, California
FINANCED
$14,300,000
California
See Similar DealsMultiFamily
Financed 12/13/2022
FINANCED
Gantry Arranges $14.3M Construction Loan For 64-Unit Multifamily Property In Monterey, California
2300 Garden Road, Monterey, California 93940, United States
See Similar DealsMultiFamily
Financed 12/13/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 2300 Garden Road in Monterey. The property sits on a spacious 7.23-acre lot and comprises a total of 64 units. The transaction took place on 12/13/2022.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $14,300,000
- Units: 64
- Acres: 7.23
- Market: Monterey
The brokers involved in this deal were Robert Slatt, Jeff Wilcox, and Andrew Ferguson from Gantry.
The loan obtained for this transaction was a construction loan with a value of $14,300,000. The loan terms are three years.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,300,000.00
Monthly NOI$95,333.33
Monthly Debt Service$90,385.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions