Updated Sep 9, 2024
Gantry Facilitates $19.1M Acquisition Loan For 152-Unit Multifamily In Saginaw
681 N Saginaw Blvd, Saginaw, Texas 76179, United States
$19,090,000
Units
152
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
The multifamily property located at 681 N. Saginaw Blvd in Saginaw has been closed on. The property spans across 7.6 acres and consists of 152 units. The transaction involved an acquisition loan of $19,090,000. The loan is a two-year bridge loan with three one-year extension options.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $19,090,000
- Address: 681 N. Saginaw Blvd
- Market: Saginaw
- Units: 152
- Acres: 7.6
Gantry, represented by Andy Bratt, served as the broker for the transaction.
Players
Saginaw 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93