Shamrock Acquisitions Secures $68.8M Loan For Student Housing Property
2980 East Yosemite Avenue, Merced, CA, USA
$68,800,000
$110/SF
Building Size
624,650 SF
Asset Type
Other
Closing
Dec 25, 2019
AI
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.
Players
Merced Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93