Updated Oct 1, 2025
Kiser Capital Secures $51M Refinance Loan For 335-Unit Multifamily Asset In Sacramento
2051 West La Loma Drive
$51,000,000
Units
335
Asset Type
MultiFamily
Closing
Aug 29, 2025
About this deal
AI
The property asset involved is a multifamily building located at 2051 West La Loma Drive in Sacramento, featuring 335 units. The transaction recorded a loan amount of $51,000,000 for refinancing purposes.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $51,000,000
- Loan Type: Refinance
- Loan-to-Value: 73%
- Loan Terms: Fixed for 5 years with 5 years Interest Only, Non-recourse
- Landlord: Jon Hill
- Broker: Kevin Kiser - Kiser Capital
- Date of Transaction: 08/29/2025
The deal was facilitated by Kevin Kiser from Kiser Capital, who secured the permanent loan through a regional bank, marking a significant financing effort for the landlord, Jon Hill.
Players
Rancho Cordova 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93