Garron Robinson Of Centennial Bank Provides $27.9M Refinance Loan For Multifamily Property In Santa Maria
FINANCED
$27,900,000
California
See Similar DealsMultiFamily7,000,000 SF
Financed 06/14/2024
FINANCED
Garron Robinson Of Centennial Bank Provides $27.9M Refinance Loan For Multifamily Property In Santa Maria
Blosser Road
See Similar DealsMultiFamily7,000,000 SF
Financed 06/14/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$4
Total Square Footage:7,000,000 SF
Transaction Type:Loan
The asset involved is a multifamily property located at 1001-1057 W. Stowell Road in Santa Maria. The property spans a total of 7,000,000 square feet and is part of the market making this loan transaction significant for the area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $27,900,000
- Lender: Garron Robinson - Centennial Bank
- Broker: Zachary Streit - Priority Capital Advisory
- Loan Type: Refinance
- Date of Transaction: 06/14/2024
Key individuals involved in the transaction include Garron Robinson from Centennial Bank, who served as the lender, and broker Zachary Streit from Priority Capital Advisory, who facilitated the refinancing deal for the multifamily asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,900,000.00
Monthly NOI$186,000.00
Monthly Debt Service$176,346.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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