Updated Oct 29, 2024
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
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93