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Old Three Hundred Capital Secures $47.3M Acquisition Loan For San Antonio Multifamily Property

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FINANCED
$47,300,000
Max Herzog
Chris McColpin
+ 1

Texas

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MultiFamily259,951 SF
Financed 07/07/2022
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Property Image
FINANCED

Old Three Hundred Capital Secures $47.3M Acquisition Loan For San Antonio Multifamily Property

327 West Sunset Road, San Antonio, Texas 78209, United States

See Similar Deals
MultiFamily259,951 SF
Financed 07/07/2022
Max Herzog
Chris McColpin
+ 1
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$182
Total Square Footage:259,951 SF
Transaction Type:Loan

The multifamily property located at 327 W Sunset Rd in San Antonio has been involved in a recent closed transaction. The property consists of 312 units with a total area of 259,951 square feet. The transaction took place on 07/07/2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $47,300,000
  • Market: San Antonio

The landlord of the property is Old Three Hundred Capital, while the lender involved in the transaction is Prime. The transaction was facilitated by Marko Kazanjian, Chris McColpin, Max Herzog, and Andrew Cohen from JLL Capital Markets.

The loan amount for this acquisition is $47,300,000. It is a non-recourse, floating-rate loan provided by the lender. The terms of the loan are structured as floating-rate and non-recourse.

Players

Marko Kazanjian
71 deals$5.4B volume
BROKER

Chris McColpin
Newmark
9 deals$259.5M volume
BROKER

Max Herzog
Institutional Property Advisors
80 deals$5.4B volume(212) 430-5165
BROKER

Andrew Cohen
Institutional Property Advisors
43 deals$3B volume
BROKER

JLL
BROKERAGE


Details

FINANCED
IMAGE: Marko Kazanjian, Chris McColpin, Max Herzog & Andrew Cohen DATE: 07/07/2022 ADDRESS: 327 W Sunset Rd MARKET: San Antonio ASSET TYPE: Multifamily ~ UNITS: 312 ~ SF: 259,951 LANDLORD: Old Three Hundred Capital LENDER: Prime BROKERS: Marko Kazanjian, Chris McColpin, Max Herzog & Andrew Cohen - JLL Capital Markets LOAN AMOUNT: $47,300,000 LOAN TYPE: Acquisition Loan LOAN TERMS: non-recourse, floating-rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$47,300,000.00

Monthly NOI$315,333.33
Monthly Debt Service$298,968.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00