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
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