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JB Matteson Refinances Multifamily Property In Sacramento With $33M Loan

Property Image
FINANCED
$33,000,000
Tom Wight
Jackie Goldsmith
Dennis Williams
+ 1

California

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MultiFamily
Financed 07/25/2022
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Property Image
FINANCED

JB Matteson Refinances Multifamily Property In Sacramento With $33M Loan

4500 Truxel Road, Sacramento, California 95834, United States

See Similar Deals
MultiFamily
Financed 07/25/2022
Tom Wight
Jackie Goldsmith
Dennis Williams
+ 1
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Loan

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

Dennis Williams
NorthMarq
Dennis Williams
2 deals$46.5M volume
BROKER
Tom Wight
NorthMarq
Tom Wight
2 deals$39.5M volume
BROKER
Jackie Goldsmith
NorthMarq
Jackie Goldsmith
1 deal$33M volume
BROKER
SR
NorthMarq
Soraya Rios
2 deals$67.4M volume
BROKER
JB Matteson
JB Matteson
LENDER

Details

FINANCED
IMAGE: Tom Fischer DATE: 07/25/2022 ADDRESS: 4500 Truxel Rd. MARKET: Sacramento ASSET TYPE: Multifamily ~ UNITS: 384 LENDER: JB Matteson - Tom Fischer BROKERS: Dennis Williams, Tom Wight, Jackie Goldsmith & Soraya Rios - Northmarq (@Northmarq) LOAN AMOUNT: $33,000,000 LOAN TYPE: Refinance LOAN TERMS: 10-year, full-term, interest only

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$33,000,000.00

Monthly NOI$220,000.00
Monthly Debt Service$208,582.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00