facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

23975 Hardy Oak Blvd, San A...

Investor Management Group Acquires Multifamily Property In San Antonio For 312 Units
SOLDMultiFamily

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

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

Drew Garza

Institutional Property Advisors

Broker

$130.6M

vol

37 deals

Broker

Neil Schimmel

Investors Management Group

Buyer

$33M

vol

3 deals

Buyer
Capital One
Capital OneLender

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