Marcus & Millichap Facilitates $6.1M Refinancing Loan For Multifamily Property In Oakland, CA
FINANCED
$6,100,000
California
See Similar DealsMultiFamily
Financed 10/18/2022
FINANCED
Marcus & Millichap Facilitates $6.1M Refinancing Loan For Multifamily Property In Oakland, CA
4001 San Leandro Street, Oakland, California 94601, United States
See Similar DealsMultiFamily
Financed 10/18/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 4001 San Leandro Street in Oakland, CA has recently undergone a refinancing loan transaction. The property, consisting of 33 units, was involved in the deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Loan Type: Refinancing Loan
- Loan Terms: The 7-year loan features a 4.38 percent interest rate, a 30-year amortization, and a 65% loan-to-value ratio (LTV).
The deal was facilitated by Bradley Buzil from Marcus & Millichap, who represented the interested parties in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,100,000.00
Monthly NOI$40,666.67
Monthly Debt Service$38,556.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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