Updated Dec 4, 2024
Urban Standard Capital Provides $9.35M Acquisition & Renovation Loan For Multifamily Property In Tacoma, WA
$9,350,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 25, 2024
About this deal
AI
Urban Standard Capital has provided a loan of $9,350,000 for the acquisition and renovation of a multifamily property in Tacoma, WA. The loan will be used to support the purchase and improvement of the asset.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,350,000
- Lender: Urban Standard Capital
- Broker: Crux Commercial Partners
This transaction was facilitated by Crux Commercial Partners, who acted as the broker for the deal. For all bridge and construction lending opportunities, Vishal ([email protected]) and/or Sam ([email protected]) can be contacted.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93