RVS Line Inc Acquires Multifamily In Sacramento With $4.95M Acquisition Loan
California
See Similar DealsRVS Line Inc Acquires Multifamily In Sacramento With $4.95M Acquisition Loan
2857 Grove Avenue
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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.
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