Dwight Capital Provides $18.9M Loan For Multifamily Property At 614 Sycamore Ln, Davis
614 Sycamore Ln, Davis, CA, USA
$18,970,000
$189,700/SF
Building Size
100 SF
Asset Type
MultiFamily
Closing
Jun 15, 2020
AI
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.
Players
Davis 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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93