Updated Oct 28, 2024
California Municipal Finance Authority Refinances Multifamily Properties In Milpitas And Oakland For $130M
4311 Macarthur Boulevard, Oakland, California 94619, United States
$130,000,000
Units
280
Asset Type
MultiFamily
Closing
Apr 17, 2022
About this deal
AI
Located at 4311-4317 MacArthur Blvd. in Milpitas and 308 Sango Court in Oakland, this multifamily property consisting of 280 units recently underwent a loan refinance.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $130,000,000
- Loan Type: Refinance
- Lender: California Municipal Finance Authority
- Landlord: Pacific West Communities - Caleb Roope
The loan was provided by the California Municipal Finance Authority, enabling Pacific West Communities, led by Caleb Roope, to refinance the property. This deal marks a significant milestone for both the borrower and the lender in the Milpitas and Oakland markets.
On the Map
$130,000,000
MultiFamily
View full map
Players
Oakland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Caleb Roope to view all their deals.
Browse California multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93