Shabir Dharamsey Secures $40 Million Refinance Loan For 252 Unit Multifamily Property In Little Rock
22901 Chenal Valley Drive
$40,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 13, 2026
AI
The property involved in this transaction is a multifamily asset located at 22901 Chenal Valley Drive in Little Rock, comprising a total of 252 units. The loan amount secured for this property is $40,000,000, under a refinancing agreement with a full term interest-only structure lasting for 5 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Loan Type: Refinance
- Loan Terms: 5 Years Full Term IO
- Landlord: Shabir Dharamsey
- Brokers: Joseph Burnstein, Michael Helmreich, Asher Spingarn & Jake Gluck - Fortune Capital Group
Key individuals involved in this transaction include Joseph Burnstein, who can be contacted at 216-317-0259 or via email at [email protected], along with Michael Helmreich, Asher Spingarn, and Jake Gluck, who are all affiliated with Fortune Capital Group and played a significant role in facilitating this refinancing deal.
Players
Little Rock MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93