Updated Oct 28, 2024
JB Matteson Refinances Multifamily Property In Sacramento With $33M Loan
4500 Truxel Road, Sacramento, California 95834, United States
$33,000,000
Units
384
Asset Type
MultiFamily
Closing
Jul 24, 2022
About this deal
AI
A multifamily property located at 4500 Truxel Rd. in Sacramento has recently undergone a refinance transaction. The property consists of 384 units and is situated in the Sacramento market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $33,000,000
- Loan Type: Refinance
- Loan Terms: 10-year, full-term, interest only
The lender for this transaction was JB Matteson, represented by Tom Fischer. The brokers involved in this deal were Dennis Williams, Tom Wight, Jackie Goldsmith, and Soraya Rios of Northmarq.
With this refinance loan, the property owner was able to secure a loan amount of $33,000,000. The loan terms include a 10-year duration with full-term interest only payments.
Players
Sacramento MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93