Constellation Group Acquires Multifamily Property On 9th St In San Antonio
120 9th Street, San Antonio, TX, USA
Building Size
98,054 SF
Asset Type
MultiFamily
Closing
Nov 1, 2021
AI
Constellation Group has acquired a multifamily property in San Antonio. The property, located at 120 9th St, consists of 220 units. The transaction took place on 11/01/2021. Spencer Roy from Walker & Dunlop represented Constellation Group in the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not provided
- Address: 120 9th St
- Market: San Antonio
- Units: 220
Berkadia facilitated the loan for this transaction, with Scott Wadler, Michael Basinski, and Matthew Nihan representing the borrower.
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93