Updated Oct 28, 2024
Hayden Properties Secures $26.76M Loan For San Marcos Multifamily Property
1271 Sadler Drive, San Marcos, TX 78666, USA
$26,760,000
$23,765/SF
Building Size
1,126 SF
Asset Type
MultiFamily
Closing
May 24, 2020
About this deal
AI
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.
On the Map
$26,760,000
$23,765/SF
MultiFamily
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Players
San Marcos 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93