Investor Management Group Acquires Multifamily Property In San Antonio For 312 Units
23975 Hardy Oak Blvd, San Antonio, TX, USA
Building Size
—
Asset Type
MultiFamily
Closing
Dec 3, 2021
AI
23975 Hardy Oak Blvd in San Antonio was recently sold in a closed transaction. The multifamily property comprises 312 units, making it an attractive investment opportunity in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 23975 Hardy Oak Blvd, San Antonio
- Market: San Antonio
- Buyer: Investor Management Group - Neil Schimmel
- Lender: Capital One - Charlie Mentzer
- Mortgage Brokers: Will Balthrope & Drew Garza - Institutional Property Advisors- Marcus & Millichap
The buyer of the property was Investor Management Group, with Neil Schimmel representing them in the deal. The lender involved in the transaction was Capital One, with Charlie Mentzer as their representative. Will Balthrope and Drew Garza, from Institutional Property Advisors- Marcus & Millichap, acted as the mortgage brokers.
Players
San Antonio MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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