Updated Oct 28, 2024
HSL Properties, Inc Refinances Multifamily Property In Tucson, AZ For $51.9M
1897 East Burns Road, Edinburg, TX 78542
$51,870,000
Units
312
Asset Type
MultiFamily
Closing
Nov 8, 2021
About this deal
AI
HSL Properties, Inc has refinanced a multifamily property in Tucson, AZ. The property, located at 9300 E Valencia Rd, consists of 312 units. The loan transaction was facilitated by greystone''>Greystone, with Dan Wolins representing the lender.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $51,870,000
- Units: 312
- Address: 9300 E Valencia Rd, Tucson, AZ
- Market: Tucson, AZ
Omar Mireles, representing HSL Properties, Inc, acted as the landlord in the deal. The loan was a refinancing transaction, providing HSL Properties, Inc with a new financial arrangement for the property.
Players
Edinburg 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93