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