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4411 Gardendale

Updated Oct 29, 2024

Lynd Company Acquires Multifamily Property In San Antonio With $32M Loan From Lument
FINANCEDMultiFamily

Lynd Company Acquires Multifamily Property In San Antonio With $32M Loan From Lument

4411 Gardendale

$32,000,000

Units

429

Asset Type

MultiFamily

Closing

Nov 3, 2022

About this deal

AI

4411 Gardendale St and 8710 Datapoint Dr, a multifamily property located in San Antonio, was recently involved in a closed transaction. The property spans across 19.14 acres and consists of 429 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $32,000,000
  • Address: 4411 Gardendale St & 8710 Datapoint Dr
  • Market: San Antonio
  • Units: 429
  • Acres: 19.14

The loan for this transaction was provided by lument''>Lument, with Marc Suarez acting as the representative. The loan amount was $32,000,000, and the terms of the loan were set at a 12-year term. One notable detail is that the landlord of the property is Lynd Company.

Players

Lument
LumentLender

San Antonio MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $74.6K per unit across 429 units on a published $32M (2022).

Browse San Antonio multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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