Updated Mar 11, 2025
Sabal Capital Provides $4.13M Refinance Loan For Multifamily Property In Mission, McAllen
3200 Anita Street
$4,130,000
$37/SF
Building Size
110,000 SF
Asset Type
MultiFamily
Closing
Dec 27, 2022
About this deal
AI
The multifamily property located at 3200-3309 Anita St in Mission, McAllen, was recently involved in a closed transaction. The property comprises 100 units and spans over 110,000 square feet. The date of the transaction was 12/27/2022. A refinance loan was obtained for this property.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,130,000
- Address: 3200-3309 Anita St, Mission, McAllen
- Units: 100
- Square Footage: 110,000
- Loan Type: Refinance
- Lender: Sabal Capital
The loan for the transaction was provided by Sabal Capital. Edward Streit, representing Hardwell Capital, acted as the broker in this deal.
On the Map
$4,130,000
$37/SF
MultiFamily
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Players
Mission 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
3.84%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93