Updated Oct 28, 2024
Lument Refinances 216-Unit Multifamily Property In Universal City For $18.6M
14001 Oak Meadows, Universal City, TX 78148
$18,600,000
$1,423/SF
Building Size
13,068 SF
Asset Type
MultiFamily
Closing
Aug 3, 2020
About this deal
AI
A multifamily property located at 14001 Oak Meadows in Universal City has been recently refinanced. The property consists of 216 units, making it a substantial asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,600,000
- Address: 14001 Oak Meadows, Universal City
- Market: Universal City
- Lender: lument''>Lument
- Lender Representative: Marc Suarez
The loan of $18,600,000 was facilitated by Lument, with Marc Suarez representing the lender in the deal. The refinancing of this multifamily property adds financial stability and potential for further growth.
Universal City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93