FINANCEDMultiFamily
Colliers Provides $10.3M Loan For Multifamily Property Acquisition In Waco
2425 South 21st Street
$10,321,000
$50/SF
Building Size
203,812 SF
Asset Type
MultiFamily
Closing
Sep 16, 2022
AI
The multifamily property located at 2425 S. 21st St. in Waco has been involved in a recent closed transaction. The property spans a total of 203,812 square feet and consists of 256 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,321,000
- Market: Waco
The loan for this transaction was provided by Colliers. James Wilson of Old Capital represented the buyer as the broker in this deal.
Players
Waco 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93