Hayden Properties Secures $26.76M Loan For San Marcos Multifamily Property
FINANCED
$26,760,000
Texas
See Similar DealsMultiFamily1,126 SF
Financed 05/24/2020
FINANCED
Hayden Properties Secures $26.76M Loan For San Marcos Multifamily Property
1271 Sadler Drive, San Marcos, TX 78666, USA
See Similar DealsMultiFamily1,126 SF
Financed 05/24/2020
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$23,765
Total Square Footage:1,126 SF
Transaction Type:Loan
An apartment complex located at 1271 Sadler Drive in San Marcos has been recently involved in a transaction. The multifamily property, consisting of 240 units, was the subject of a closed deal. The transaction took place on May 24, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,760,000
- Address: 1271 Sadler Drive
- Market: San Marcos
- Units: 240
The landlord, Richard Hayden, represented Hayden Properties in this transaction. On the lending side, Dwight Capital, represented by Adam Sasouness and Josh Sasouness, provided the loan for the deal.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,760,000.00
Monthly NOI$178,400.00
Monthly Debt Service$169,141.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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