Updated Nov 24, 2023
Hirshmark Capital Closes $4M Acquisition Loan For Multifamily Property In Dallas
1518 North Haskell Avenue & 5207 Columbia Avenue, Dallas Texas
$4,000,000
$108/SF
Building Size
37,000 SF
Asset Type
MultiFamily
Closing
Apr 3, 2023
About this deal
AI
A multifamily property located at 1518 North Haskell Avenue & 5207 Columbia Avenue in Dallas has been involved in a recent transaction. The property comprises 53 units spanning across approximately 37,000 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Market: Dallas
- Lender: Hirshmark Capital - Jonnie Haber
- Landlord: Edwin Feng
Hirshmark Capital provided an acquisition loan of $4,000,000 for the property located at 1518 North Haskell Avenue & 5207 Columbia Avenue in Dallas.
For all Texas lending opportunities, interested parties can reach out to Jonnie Haber at [email protected].
Players
Market MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93