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Harborview Capital Partners...

Harborview Capital Partners Refinances Santa Ana Multifamily Property For $31.6M
FINANCEDMultiFamily

Harborview Capital Partners Refinances Santa Ana Multifamily Property For $31.6M

$31,600,000

$155/SF

Building Size

203,000 SF

Asset Type

MultiFamily

Closing

Jul 27, 2023

AI

The multifamily property located in Santa Ana has undergone a refinancing transaction. The property consists of 274 units and spans 203,000 square feet. The loan was provided by Harborview Capital Partners, represented by Eli N. Osdoba, as well as First American Capital Group. The loan amount for the refinancing was $31,600,000. The terms of the loan include a HUD Refinance with a 35-year amortization, non-recourse, and an early rate locked at a very low fixed rate.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $31,600,000
  • Units: 274
  • Square Footage: 203,000
  • Market: Santa Ana

Eli N. Osdoba from Harborview Capital Partners and First American Capital Group played key roles in facilitating the refinancing deal for this property in Santa Ana.

Players

Harborview Capital Partners
Harborview Capital PartnersBrokerage
Harborview Capital Partners
Harborview Capital PartnersLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93