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Dwight Capital Provides $22.7M Loan For 252-unit Multifamily Property In San Antonio

Property Image
FINANCED
$22,700,000

Texas

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MultiFamily
Financed 04/08/2022
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Property Image
FINANCED

Dwight Capital Provides $22.7M Loan For 252-unit Multifamily Property In San Antonio

8301 Lake Vista, San Antonio, Texas 78227, United States

See Similar Deals
MultiFamily
Financed 04/08/2022
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

A multifamily property located at 8301 Lake Vista in San Antonio has been recently involved in a closed transaction. This property spans over 22 acres and consists of 252 units. The transaction took place on 04/08/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $22,700,000
  • Market: San Antonio
  • Address: 8301 Lake Vista
  • Units: 252
  • Acres: 22

The lender involved in this transaction was Dwight Capital, represented by Josh Sasouness.

Players

Josh Sasouness
15 deals$531.6M volume
LENDER

Dwight Capital
LENDER

Details

FINANCED
IMAGE: Josh Sasouness DATE: 04/08/2022 ADDRESS: 8301 Lake Vista MARKET: San Antonio ASSET TYPE: Multifamily ~ UNITS: 252 ~ ACRES: 22 LENDER: Dwight Capital - Josh Sasouness LOAN AMOUNT: $22,700,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,700,000.00

Monthly NOI$151,333.33
Monthly Debt Service$143,479.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00