Impex Capital Group Acquires Multifamily Property In San Marcos With $47.8M Acquisition Loan
FINANCED
$47,800,000
Texas
See Similar DealsMultiFamily
Financed 01/19/2022
FINANCED
Impex Capital Group Acquires Multifamily Property In San Marcos With $47.8M Acquisition Loan
490 Barnes Drive, San Marcos, TX 78666
See Similar DealsMultiFamily
Financed 01/19/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
A multifamily property located at 490 Barnes Dr in San Marcos has been involved in a recent transaction. The acquisition loan for this property was provided by lument''>Lument & Pensam Capital. The loan amount for this acquisition was $47,800,000. The landlord for this property is Impex Capital Group, represented by Ash Shah. The broker for this deal is Tim Milazzo from StackSource.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $47,800,000
Ash Shah from Impex Capital Group represented the landlord in this transaction. Tim Milazzo from StackSource acted as the broker for this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,800,000.00
Monthly NOI$318,666.67
Monthly Debt Service$302,128.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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