Shamrock Acquisitions Secures $68.8M Loan For Student Housing Property
FINANCED
$68,800,000
California
See Similar DealsOther624,650 SF
Financed 12/26/2019
FINANCED
Shamrock Acquisitions Secures $68.8M Loan For Student Housing Property
2980 East Yosemite Avenue, Merced, CA, USA
See Similar DealsOther624,650 SF
Financed 12/26/2019
Summary
CALIFORNIA
Asset Type:Other
Price Per Square Foot:$110
Total Square Footage:624,650 SF
Transaction Type:Loan
2980 East Yosemite Ave is a student housing property that recently underwent a closed transaction. The property is located in an undisclosed location and was involved in a deal on 12/26/2019.
Summary of transaction details
- Property Type: Student housing
- Transaction Amount: $68,800,000
- Lender: Mosaic Real Estate Credit - Ethan Penner
- Landlord: Shamrock Acquisitions
- Brokers: Scott Meredith - George Smith Partners
Ethan Penner from Mosaic Real Estate Credit served as the lender in this transaction. Shamrock Acquisitions acted as the landlord for the property. The brokers involved in the deal were Scott Meredith from George Smith Partners. The loan amount for this transaction was $68,800,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$68,800,000.00
Monthly NOI$458,666.67
Monthly Debt Service$434,862.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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