Updated Oct 28, 2024
Dwight Capital Provides $24.4M Bridge Acquisition Loan For San Antonio Multifamily Property
10707 West Interstate 10, San Antonio, TX 78230
$24,400,000
Units
300
Asset Type
MultiFamily
Closing
Jan 14, 2022
About this deal
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.
On the Map
$24,400,000
MultiFamily
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Players
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