Updated Jul 8, 2025
RVS Line Inc Acquires Multifamily In Sacramento With $4.95M Acquisition Loan
2857 Grove Avenue
$4,950,000
$123/SF
Building Size
40,000 SF
Asset Type
MultiFamily
Closing
Mar 5, 2024
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 2857 Grove Avenue in Sacramento. The asset features 60 units and encompasses a total square footage of 40,000, with a loan amount of $4,950,000 secured through an acquisition loan with a loan term of 24 months and a combined loan-to-value of 56%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,950,000
- Loan Type: Acquisition Loan
- Loan Term: 24 months
- Combined Loan-to-Value: 56%
- Address: 2857 Grove Avenue
- Market: Sacramento
- Units: 60
- Square Footage: 40,000
- Lender: Cesar Peña - Rubicon Mortgage Fund, LLC
- Buyer: RVS Line Inc
- Buyer’s Representative: Avenir Slivinskiy - Prime Homes INC
- Seller’s Representatives: Spencer Moyer and Isaac Merritt - Alive Commercial Real Estate
Key individuals in the transaction include Cesar Peña, the lender from Rubicon Mortgage Fund, LLC, and Avenir Slivinskiy, who represents the buyer, RVS Line Inc, from Prime Homes INC. The seller has representation from Spencer Moyer and Isaac Merritt of Alive Commercial Real Estate.
Players
Sacramento 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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93