Churchill Forge Inc. Secures $39.9M Loan For San Antonio Multifamily Property With Brokers CBRE
6107 Via La Cantera, San Antonio, TX, USA
$39,875,000
$21,392/SF
Building Size
1,864 SF
Asset Type
MultiFamily
Closing
Aug 25, 2021
AI
The multifamily property located at 6107 Via La Cantera in San Antonio has been involved in a closed transaction. The property consists of 300 units and was the subject of a loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $39,875,000
- Date: 08/25/2021
- Borrower: Churchill Forge Inc.
- Brokers: Nate Sittema, Kristen Reilley, Grant Harris, & Elliot Voreis - CBRE
The loan for this transaction had a term of 12 years. The loan amount provided was $39,875,000, allowing the borrower to secure the property. This loan enabled the borrower, Churchill Forge Inc., to complete the acquisition of the multifamily property located at 6107 Via La Cantera in San Antonio, which consists of 300 units.
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93