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330 South Horne Street

JLL Secures $5.11M Refinancing For 21-Unit Multifamily In Oceanside
FINANCEDMultiFamily

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

Christopher Collins

JLL

Broker

$95.1M

vol

8 deals

Broker

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