Updated Aug 8, 2025
Jason Moyal & Max Mellman Secure $19.6M Loan For Point Loma Multifamily Property
Point Loma, San Diego, California, United States
$19,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 7, 2020
About this deal
AI
An $19,600,000 loan was secured for a multifamily property in Point Loma, San Diego. The transaction took place on June 7, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,600,000
The loan terms include an interest rate of 8.25%, which will decrease to 7% upon the completion of the Certificate of Occupancy. The total origination fee is 2.75 points, and the loan has a term of 3 years. The loan covers 82% of the loan-to-cost ratio and is non-recourse.
The brokers responsible for facilitating this loan are Jason Moyal and Max Mellman.
Players
San Diego 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
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93