Jeff Wilcox & Charlie Kokernak Arrange $45M Loan For Multifamily Properties On El Camino Way, Palo Alto
FINANCED
$45,000,000
California
See Similar DealsMultiFamily1,728 SF
Financed 10/26/2020
FINANCED
Jeff Wilcox & Charlie Kokernak Arrange $45M Loan For Multifamily Properties On El Camino Way, Palo Alto
4075 El Camino Way, Palo Alto, CA, USA
See Similar DealsMultiFamily1,728 SF
Financed 10/26/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$26,041
Total Square Footage:1,728 SF
Transaction Type:Loan
A multifamily property located at 4041 El Camino Way and 4075 El Camino Way in Palo Alto was recently involved in a closed transaction. The loan amount for this transaction was $45,000,000. The property type was a multifamily asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,000,000
- Address: 4041 El Camino Way, 4075 El Camino Way
- Market: Palo Alto
Jeff Wilcox and Charlie Kokernak from antry_inc served as the brokers for this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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