MetLife Real Estate Investors Funds $42M Loan For Student Housing In San Marcos
FINANCED
$42,000,000
Texas
See Similar DealsStudent Housing
FINANCED
MetLife Real Estate Investors Funds $42M Loan For Student Housing In San Marcos
140 W San Antonio St, San Marcos, TX...
See Similar DealsStudent Housing
Summary
TEXAS
Asset Type:Student Housing
Transaction Type:Loan
The property asset located at 140 W San Antonio St, San Marcos, TX is a student housing asset. The loan amount secured for this property is $42,000,000.00. The lender involved in this transaction is metlife-real-estate-investors-duplicate''>MetLife Real Estate Investors.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $42,000,000.00
- Address: 140 W San Antonio St, San Marcos, TX
- Market: San Marcos
- Borrower's Rep: Stephen (Steve) Skok (Berkadia)
- Lender: MetLife Real Estate Investors
Stephen (Steve) Skok from Berkadia represented the borrower in this transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,000,000.00
Monthly NOI$280,000.00
Monthly Debt Service$265,468.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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