Updated Aug 20, 2026
SOLDMultiFamily
NorthMarq's San Francisco Secures $19.7M Acquisition Financing For Cypress Village Apartments Buyer
6343 Lincoln Avenue
$34,375,000
Units
88
Asset Type
MultiFamily
Closing
Feb 21, 2024
About this deal
AI
The Cypress Village Apartments in Buena Park, a multifamily property spanning 5.1 acres located at 6343 Lincoln Avenue, was recently sold for $34,375,000. Consisting of 88 units, the per unit price equated to $390,625. The sale was facilitated by Shane Shafer from NorthMarq on behalf of the seller, Arun Paul of Priya Living.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,375,000
- Units: 88
- Price Per Unit: $390,625
- Address: 6343 Lincoln Avenue
- Market: Buena Park
- Seller: Arun Paul - Priya Living
- Broker: Shane Shafer - NorthMarq
- Mortgage Brokers: Andrew Deaver, Briana Harney DeHaan, Nate Prouty & Soraya Rios - NorthMarq
NorthMarq's San Francisco team acted quickly to secure $19.7 million in acquisition financing for the buyer of the Cypress Village Apartments. The team, led by the concerted efforts of Andrew Deaver, Briana Harney DeHaan, Nate Prouty, and Soraya Rios, successfully met tight deadlines by efficiently locking rates and proceeds within a remarkably short span of eight days.
Players
Buena Park MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93