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3200 Anita Street

Sabal Capital Provides $4.13M Refinance Loan For Multifamily Property In Mission, McAllen
FINANCEDMultiFamily

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

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.

Players

Edward Streit

Broker

$54.4M

vol

4 deals

Broker
Sabal Capital Partners
Sabal Capital PartnersLender

Mission MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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