Samuel Kwadrat Of Rhine Legacy Capital Provides $19.5M Acquisition Loan For Multifamily In St. Louis
$19,500,000
$39/SF
Building Size
490,000 SF
Asset Type
MultiFamily
Closing
Jul 30, 2026
AI
The transaction involves a multifamily asset located in St. Louis, encompassing 490 units across a total square footage of 490,000. The focus of the deal is on acquisition financing complemented by capital expenditures to enhance the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $19,500,000
- Lender: Samuel Kwadrat - Rhine Legacy Capital
- Loan Type: Acquisition + capex
- Loan Terms: 18 months + extension
- Market: St. Louis
- Units: 490
- Square Footage: 490,000
Ryan Legacy Capital specializes in providing senior bridge loans ranging from $2 million to $20 million for value-add multifamily, industrial, and retail investments. The terms include financing for both acquisition and capital expenditures, offering 9–11% financing and up to 85% leverage, ensuring the necessary speed, certainty, and flexibility for sponsors to execute their plans.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.81%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93