Updated Oct 29, 2024
Buchanan Mortgage Holdings Provides $35.5M Construction Loan For Multifamily In Downtown Santa Rosa
888 4th Street, Santa Rosa, California 95404, United States
$35,500,000
Units
108
Asset Type
MultiFamily
Closing
Nov 11, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 888 Fourth St in Downtown Santa Rosa, CA. The property consists of 108 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $35,500,000
- Market: Downtown Santa Rosa, CA
- Units: 108
The lender involved in this loan transaction is Buchanan Mortgage Holdings. They provided a non-recourse construction loan in the amount of $35,500,000.
The multifamily loan at 888 4th Street, Santa Rosa, California 95404, United States in Santa Rosa, California financed for $35.5M in 2022. Reported inventory is 108 units across 108 units. This page is the Santa Rosa, California file for the 888 4th Street, Santa Rosa, California 95404, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Santa Rosa sit in the Market section below. Filter that Santa Rosa multifamily set by closing date to see what else financed near 888 4th Street, Santa Rosa, California 95404, United States around 2022. Published consideration for 888 4th Street, Santa Rosa, California 95404, United States is $35.5M, dated 2022. Cite this Buchanan Mortgage Holdings Provides $35.5M Construction Loan For Multifamily In Downtown Santa Rosa loan when underwriting similar multifamily product around Santa Rosa, California.
On the Map
$35,500,000
MultiFamily
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Players
Santa Rosa 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93