Old Capital Arranges $10.48M Bridge Loan For Multifamily Property In San Antonio
6111 Vance Jackson Rd, San Antonio, TX, USA
$10,480,000
$1,275/SF
Building Size
8,216 SF
Asset Type
MultiFamily
Closing
Apr 13, 2021
AI
The multifamily property located at 6111 Vance Jackson Rd in San Antonio has been involved in a recent transaction. The financing for this property was arranged by Old Capital, with a bridge loan amounting to $10,480,000. The loan terms include 80% loan-to-cost ratio, a 3.95% interest rate, and a 29-day close.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,480,000
- Address: 6111 Vance Jackson Rd
- Market: San Antonio
John Brickson of Old Capital served as the broker who arranged the financing for this transaction, while Drew Garza represented the seller as an IPA representative.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93