Del Mar Apartments - SGRE Investments

Del Mar Apartments

  • Projected IRR of 19.97%, 2.05 multiple to investor
  • Closed 6/2022
  • 48 units built in 1978
  • Purchase price: $73,105,115
  • $9,270,000 proposed capital improvement program
  • 3 year I/O, fixed rate bridge debt at years 1-2
  • Refinance after year 2 with Freddie Mac 5 year fixed debt
Scroll to Top