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Samuel Kwadrat Of Rhine Legacy Capital Provides $15 Million Loan For St. Louis Multifamily Acquisition

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FINANCED
$15,000,000

Missouri

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MultiFamily380,796 SF
Financed 08/15/2024
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Property Image
FINANCED

Samuel Kwadrat Of Rhine Legacy Capital Provides $15 Million Loan For St. Louis Multifamily Acquisition

MultiFamily380,796 SF
Financed 08/15/2024
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$39
Total Square Footage:380,796 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily property located in St. Louis. It consists of 424 units and encompasses a total square footage of 380,796. The loan associated with this property is for acquisition purposes.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,000,000
  • Lender: Samuel Kwadrat - Rhine Legacy Capital
  • Loan Type: Acquisition
  • Loan Terms: 18 Months + Extensions

This transaction was facilitated by Samuel Kwadrat, representing Rhine Legacy Capital, which specializes in bridge financing for multifamily, industrial, and retail properties. As a balance sheet lender, Rhine Legacy Capitaloffers the simplicity of one-stop, one-relationship financing.

Players

LENDER

Details

FINANCED
IMAGE: Samuel Kwadrat DATE: 08/15/2024 MARKET: St. Louis ASSET TYPE: Multifamily ~ UNITS: 424 ~ SF: 380,796 LENDER: Samuel Kwadrat - Rhine Legacy Capital (@Rhine_Legacy_Capital) LOAN AMOUNT: $15,000,000 LOAN TYPE: Acquisition LOAN TERMS: 18 Months + Extensions NOTE: At Rhine Legacy Capital, we specialize in bridge financing for multifamily, industrial, and retail properties. As a balance sheet lender, we offer the simplicity of one-stop, one-relationship financing.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,000,000.00

Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00