Varde Mortgage Capital Provides $56.5M Acquisition Loan For Multifamily Property At 5072 Timberhill Drive, San Antonio, TX
5072 Timberhill Drive, San Antonio, Texas 78238, United States
$56,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 10, 2022
AI
Located at 5072 Timberhill Drive in San Antonio, TX, this multifamily property spanning 278,696 square feet with 340 units was recently involved in a loan transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $56,500,000
- Address: 5072 Timberhill Drive
- Market: San Antonio, TX
- Square Footage: 278,696
- Number of Units: 340
The loan was provided by Varde Mortgage Capital for the purpose of acquisition. The deal was facilitated by brokers John Flynn, Michael Zaremski, Michael Shmuely, and Jimmy Cochran of JLL.
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93