LYND Acquires Multifamily Property In San Antonio With $53M Construction Loan From Madison Realty Capital
120 West Josephine Street, San Antonio, TX 78212
$53,000,000
Units
261
Asset Type
MultiFamily
Closing
Jan 28, 2022
AI
Located at 120 West Josephine Street in San Antonio, this multifamily property consists of 261 units. The transaction took place on January 28, 2022, and involved a loan for the construction of the property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Loan Type: Construction Loan
- Lender: Madison Realty Capital - Josh Zegen
- Landlord: LYND - David Lynd
Madison Realty Capital, represented by Josh Zegen, provided a loan of $53,000,000 for the construction of the multifamily property at 120 West Josephine Street. LYND, represented by David Lynd, is the landlord of the property.
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
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93