Old Three Hundred Capital LLC And Pearlmark Real Estate Secure $11.5M Loan For San Antonio Multifamily Property
FINANCED
$11,500,000
Texas
See Similar DealsMultiFamily823 SF
Financed 05/24/2020
FINANCED
Old Three Hundred Capital LLC And Pearlmark Real Estate Secure $11.5M Loan For San Antonio Multifamily Property
11845 West Avenue, San Antonio, TX, USA
See Similar DealsMultiFamily823 SF
Financed 05/24/2020
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$13,973
Total Square Footage:823 SF
Transaction Type:Loan
An $11.5 million loan was secured for a multifamily property in San Antonio. The property is located at 11845 West Ave and 11838 Parliament St.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,500,000
- Market: San Antonio
- Asset Type: Multifamily
The landlord of the property is Old Three Hundred Capital LLC, represented by Nicholas Yarnall and William Gottfried, along with Pearlmark Real Estate. The brokers involved in the deal are Marko Kazanjian, Chris McColpin, and Andrew Cohen from JLL Capital Markets.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,500,000.00
Monthly NOI$76,666.67
Monthly Debt Service$72,687.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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