Dwight Capital Provides $18.9M Loan For Multifamily Property At 614 Sycamore Ln, Davis
FINANCED
$18,970,000
California
See Similar DealsMultiFamily100 SF
Financed 06/15/2020
FINANCED
Dwight Capital Provides $18.9M Loan For Multifamily Property At 614 Sycamore Ln, Davis
614 Sycamore Ln, Davis, CA, USA
See Similar DealsMultiFamily100 SF
Financed 06/15/2020
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$189,700
Total Square Footage:100 SF
Transaction Type:Loan
Located at 614 Sycamore Ln in Davis, this multifamily property has recently undergone a successful transaction. The loan for this transaction was provided by Dwight Capital, represented by Adam Sasouness, Josh Sasouness, Jon Camps, and Kim Gift. The loan amount for this deal was $18,970,000, and the property consists of 158 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,970,000
- Address: 614 Sycamore Ln
- Market: Davis
- Lender: Dwight Capital - Adam Sasouness, Josh Sasouness, Jon Camps & Kim Gift
- Units: 158
Adam Sasouness, Josh Sasouness, Jon Camps, and Kim Gift from Dwight Capital played a crucial role in facilitating this loan deal. Their expertise and assistance contributed to the successful completion of the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,970,000.00
Monthly NOI$126,466.67
Monthly Debt Service$119,903.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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