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PACE Equity Provides $5.1 Million C-PACE Financing For The Travis Building In San Antonio

Property Image
FINANCED
$5,100,000

Texas

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MultiFamily
Financed 08/29/2024
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Property Image
FINANCED

PACE Equity Provides $5.1 Million C-PACE Financing For The Travis Building In San Antonio

405 North Saint Mary's Street

See Similar Deals
MultiFamily
Financed 08/29/2024
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The Travis Building is a newly constructed multifamily apartment complex located at 405 North Saint Mary's Street in San Antonio. The asset consists of one- and two-bedroom units and includes amenities such as a fitness center, business center, and onsite laundry. The building was completed in 2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,100,000
  • Lender: PACE Equity
  • Loan Date: 08/29/2024
  • Market: San Antonio

PACE Equity issued C-PACE financing for the transaction, amounting to $5.1 million. This funding supports the development of the Travis Building, contributing to the growth of multifamily housing in downtown San Antonio.

Players

PACE Equity Finance
PACE Equity Finance
LENDER

Details

FINANCED
IMAGE: 08/29/2024 ADDRESS: 405 North Saint Mary's Street MARKET: San Antonio ASSET TYPE: Multifamily LENDER: PACE Equity LOAN AMOUNT: $5,100,000 NOTE: PACE Equity issued $5.1 million in C-PACE financing for The Travis Building, a newly constructed apartment complex in downtown San Antonio. The building, completed in 2023, features one- and two-bedroom units with amenities including a fitness center, business center, and onsite laundry.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,100,000.00

Monthly NOI$34,000.00
Monthly Debt Service$32,235.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00