Updated Mar 11, 2025
Impex Capital Group Acquires Multifamily Property In San Marcos With $47.8M Acquisition Loan
490 Barnes Drive, San Marcos, TX 78666
$47,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 19, 2022
About this deal
AI
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.
Players
San Marcos 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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93