Bank OZK Provides $85.7M Equity Loan For 440-Unit Multifamily Property In San Antonio
FINANCED
$85,700,000
Texas
See Similar DealsMultiFamily
Financed 07/27/2022
FINANCED
Bank OZK Provides $85.7M Equity Loan For 440-Unit Multifamily Property In San Antonio
3515 Canyon Parkway, San Antonio, Texas 78259, United States
See Similar DealsMultiFamily
Financed 07/27/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 3515 Canyon Pky in San Antonio has been involved in a recent transaction. The property consists of 440 units and is situated in the San Antonio market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $85,700,000
- Loan Type: Equity Loan
The loan for this transaction was provided by Bank OZK. Representing the buyer in this deal were Sean Reimer, Sean Bastian, and Triston Stegall from Walker & Dunlop.
Players
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$85,700,000.00
Monthly NOI$571,333.33
Monthly Debt Service$541,682.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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