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10707 West Interstate 10, S...

Dwight Capital Provides $24.4M Bridge Acquisition Loan For San Antonio Multifamily Property
FINANCEDMultiFamily

Dwight Capital Provides $24.4M Bridge Acquisition Loan For San Antonio Multifamily Property

10707 West Interstate 10, San Antonio, TX 78230

$24,400,000

Building Size

Asset Type

MultiFamily

Closing

Jan 14, 2022

AI

Located at 10707 W Interstate 10 in San Antonio, this multifamily property is situated on 9.5 acres. With a total of 300 units, it offers a substantial investment opportunity in the San Antonio market.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $24,400,000
  • Units: 300
  • Acres: 9.5

The loan for this acquisition was provided by Dwight Capital, with Brandon Baksh and Brian Yee representing the lender. Patrick Short from Walker and Dunlop served as the broker for the transaction. The loan amount secured for this deal was $24,400,000, and it was classified as a Bridge Acquisition Loan.

Players

Walker & Dunlop
Walker & DunlopBrokerage

Brandon Baksh

Dwight Capital

Lender

$286M

vol

7 deals

Lender
Dwight Capital
Dwight CapitalLender

San Antonio 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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93