Updated Nov 27, 2024
KH Properties Acquires Multifamily Property In Bethalto For $18.3M
190 Rue Sans Souci, Bethalto, IL, USA
$18,300,000
$52,136/SF
Building Size
351 SF
Asset Type
MultiFamily
Closing
Oct 8, 2020
About this deal
AI
The multifamily property located at 190 Rue Sans Souci in Bethalto has been involved in a recent loan transaction. The property consists of 351 units and is owned by KH Properties.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,300,000
- Loan Terms: The 12-year loan features a fixed interest rate at low-3 percent with two years of interest-only payments, a 75 percent loan-to-value ratio, and a 30-year amortization schedule.
berkadia''>Berkadia, represented by John Schorgl, served as the lender for this transaction. John Schorgl provided the loan amount of $18,300,000. The loan terms include a fixed interest rate, two years of interest-only payments, and a 30-year amortization schedule.
Players
Bethalto 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93