Allan Edelson Of Walker & Dunlop Provides $23.2 Million Refinance Loan For 272-Unit Multifamily Property
400 Preston Boulevard
$23,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 30, 2025
AI
The asset involved in this transaction is a multifamily property located at 400 Preston Boulevard in the Shreveport/Bossier City market. The property comprises a total of 272 units and is associated with a loan amount of $23,200,000, which is categorized as a refinance with a term of 5 years.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,200,000
- Loan Type: Refinance
- Loan Terms: 5-Years
- Lender: Allan Edelson - Walker & Dunlop
- Landlord: Adam Triglia, Louis Reynolds & Matthew Earl - Reynolds Asset Management
This transaction features key individuals such as Allan Edelson, who represents the lending side, enhancing the financial aspect of the deal through Walker & Dunlop. The landlords involved in this transaction, Adam Triglia, Louis Reynolds, and Matthew Earl, are associated with Reynolds Asset Management, overseeing the property management and operations related to this multifamily asset.
Players
Bossier City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93