FINANCEDMultiFamily
Marcus & Millichap Facilitates $6.1M Refinancing Loan For Multifamily Property In Oakland, CA
4001 San Leandro Street, Oakland, California 94601, United States
$6,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 17, 2022
AI
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.
Oakland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93