Samuel Kwadrat Of Rhine Legacy Capital Provides $15 Million Loan For St. Louis Multifamily Acquisition
$15,000,000
$39/SF
Building Size
380,796 SF
Asset Type
MultiFamily
Closing
Aug 15, 2024
AI
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
Market 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93