Sabal Capital Provides $4.13M Refinance Loan For Multifamily Property On Anita St, Mission
FINANCED
$4,130,000
Texas
See Similar DealsMultiFamily110,000 SF
Financed 12/27/2022
FINANCED
Sabal Capital Provides $4.13M Refinance Loan For Multifamily Property On Anita St, Mission
3200 Anita Street
See Similar DealsMultiFamily110,000 SF
Financed 12/27/2022
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$37
Total Square Footage:110,000 SF
Transaction Type:Loan
A loan transaction took place on December 27, 2022, for the property located at 3200-3309 Anita St in Mission, McAllen. The property is a multifamily asset consisting of 100 units with a total square footage of 110,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,130,000
- Market: Mission, McAllen
- Units: 100
- Square Footage: 110,000
The loan was provided by Sabal Capital for a refinance transaction. Edward Streit from Hardwell Capital served as the broker representing the parties involved in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,130,000.00
Monthly NOI$27,533.33
Monthly Debt Service$26,104.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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