MWest Holdings Secures $22.8M Freddie Mac Loan For 89-Unit San Pedro Multifamily Property
FINANCED
$22,767,000
California
See Similar DealsMultiFamily128,758 SF
Financed 04/22/2020
FINANCED
MWest Holdings Secures $22.8M Freddie Mac Loan For 89-Unit San Pedro Multifamily Property
407 W 7th St, San Pedro, CA 90731, USA
See Similar DealsMultiFamily128,758 SF
Financed 04/22/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$176
Total Square Footage:128,758 SF
Transaction Type:Loan
The multifamily property located at 407 W 7th St in San Pedro has recently been involved in a closed transaction. The property spans a total of 128,758 square feet and consists of 89 units. The deal was facilitated by Karl Slovin, Sam Kuiumdjian, and Matthew Ellis.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,767,000
- Lender: Freddie Mac
- Landlord: MWest Holdings
- Loan Terms: 3.34% - 10 Year - 5 Year IO
Freddie Mac served as the lender for this transaction, providing a loan amount of $22,767,000. MWest Holdings is the landlord of the property. The loan terms for this deal include a fixed interest rate of 3.34% for a period of 10 years, with the first 5 years being interest-only payments.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,767,000.00
Monthly NOI$151,780.00
Monthly Debt Service$143,902.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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