JLL Secures $5.11M Refinancing For 21-Unit Multifamily In Oceanside
330 South Horne Street
$5,110,000
Building Size
—
Asset Type
MultiFamily
Closing
May 29, 2024
AI
The 21-unit multifamily community located at 330 South Horne Street in Oceanside, California, recently underwent a refinancing transaction. JLL Capital Markets facilitated a $5.11 million loan for the property. The loan, a three-year, fixed-rate refinancing deal, was secured for a joint venture between Westview Real Estate and Pace Properties.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,110,000
- Units: 21
- Address: 330 South Horne Street
- Market: Oceanside
- Landlord: Rob Perkins - Westview Real Estate; Matt Pace - Pace Properties
- Brokers: Christopher Collins & Emily Pohlman - JLL
- Loan Type: Refinance
- Loan Terms: three-year, fixed-rate
The refinancing deal at 330 South Horne Street in Oceanside, California, was orchestrated by key individuals in the transaction. The property is jointly managed by Westview Real Estate, represented by Rob Perkins, and Pace Properties, represented by Matt Pace. The financing arrangement was facilitated by brokers Christopher Collins and Emily Pohlman from JLL.
Players
Oceanside 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
3.10%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93