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400 Preston Boulevard

Allan Edelson Of Walker & Dunlop Provides $23.2 Million Refinance Loan For 272-Unit Multifamily Property
FINANCEDMultiFamily

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

Walker & Dunlop
Walker & DunlopBrokerage

Allan Edelson

Walker & Dunlop

Originator

$1.4B

vol

7 deals

Originator

Bossier City 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

0.68%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93