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RVS Line Inc Acquires Multifamily In Sacramento With $4.95M Acquisition Loan

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FINANCED
$4,950,000

California

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MultiFamily40,000 SF
Financed 03/05/2024
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FINANCED

RVS Line Inc Acquires Multifamily In Sacramento With $4.95M Acquisition Loan

2857 Grove Avenue

See Similar Deals
MultiFamily40,000 SF
Financed 03/05/2024
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:40,000 SF
Transaction Type:Loan

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

Spencer Moyer
2 deals$26.5M volume(916) 885-4202
BROKER

Avenir Slivinskiy
Prime Homes
2 deals$5M volume(916) 694-1748
BROKER

Cesar Pena
Rubicon Mortgage Fund
2 deals$8.9M volume
LENDER

Rubicon Mortgage Fund
LENDER

Details

FINANCED
IMAGE: Cesar Peña DATE: 03/05/2024 ADDRESS: 2857 Grove Avenue MARKET: Sacramento ASSET TYPE: Multifamily ~ UNITS: 60 ~ SF: 40,000 LENDER: Cesar Peña (@CesarPena_23) - Rubicon Mortgage Fund, LLC (@RubiconMortgagaeFund) BUYER: RVS Line Inc BUYER'S REP REP: Avenir Slivinskiy (@Dirkaschel_2_3) - Prime Homes INC SELLER'S REP: Spencer Moyer (@SMoyer12) and Isaac Merritt - Alive Commercial Real Estate LOAN AMOUNT: $4,950,000 LOAN TYPE: Acquisition Loan LOAN TERMS: Loan Term: 24 months CLTV: 56%

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$4,950,000.00

Monthly NOI$33,000.00
Monthly Debt Service$31,287.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00