MetLife Real Estate Investors Funds $42M Loan For Student Housing In San Marcos
140 W San Antonio St, San Marcos, TX...
$42,000,000
Building Size
—
Asset Type
Student Housing
Closing
Nov 22, 2023
AI
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
San Marcos Student Housing Market Snapshot
Boundary boundary · Student Housing · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93