FINANCEDMultiFamily
Dwight Capital Provides $22.7M Loan For 252-unit Multifamily Property In San Antonio
8301 Lake Vista, San Antonio, Texas 78227, United States
$22,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 7, 2022
AI
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
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
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93