Bank OZK Provides $85.7M Equity Loan For 440-Unit Multifamily Property In San Antonio
3515 Canyon Parkway, San Antonio, Texas 78259, United States
$85,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 26, 2022
AI
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
San Antonio 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93