Updated Mar 17, 2025
KeyBank Real Estate Capital Provides $30M Loan For El Paso Multifamily Property
4649 loma Del Sur Drive, El Paso, TX, USA
$30,000,000
$20,284/SF
Building Size
1,479 SF
Asset Type
MultiFamily
Closing
May 11, 2021
About this deal
AI
The multifamily property located at 4649 Loma Del Sur Dr in El Paso has recently undergone a loan transaction. The loan was facilitated by keybank-''>KeyBank Real Estate Capital, with Caleb Marten and Chris Neil representing the lender.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $30,000,000
- Units: 342
- Acres: 18
This loan transaction provides financial support for the multifamily property, allowing for potential renovations, maintenance, or other investment opportunities. Caleb Marten and Chris Neil, from KeyBank Real Estate Capital, played essential roles in securing the loan for this property.
El Paso 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93