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
$11,500,000
$13,973/SF
Building Size
823 SF
Asset Type
MultiFamily
Closing
May 24, 2020
AI
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
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93