Dwight Capital Provides $24.4M Bridge Acquisition Loan For San Antonio Multifamily Property
FINANCED
Texas
See Similar DealsMultiFamily
Financed 01/14/2022
FINANCED
Dwight Capital Provides $24.4M Bridge Acquisition Loan For San Antonio Multifamily Property
10707 West Interstate 10, San Antonio, TX 78230
See Similar DealsMultiFamily
Financed 01/14/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
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
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,400,000.00
Monthly NOI$162,666.67
Monthly Debt Service$154,224.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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