Updated Dec 20, 2023
Gantry Brokers Secures $45M Loan For Palo Alto Multifamily
4041 El Camino Way, Palo Alto, CA 94306, USA
$45,000,000
$0/SF
Building Size
450,000,000 SF
Asset Type
MultiFamily
Closing
Oct 25, 2020
About this deal
AI
A multifamily property located at 4041 El Camino Way and 4075 El Camino Way in Palo Alto has closed in a recent transaction. The property is situated in a desirable area of Palo Alto and offers potential for both residential and investment purposes.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,000,000
- Loan Terms: 187
- Market: Palo Alto
Gantry brokers Jeff Wilcox and Charlie Kokernak represented the parties involved in the transaction. Their expertise and negotiation skills played a vital role in the successful closing of this multifamily property deal.
Players
Palo Alto MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93