The property asset involved in this transaction is Dream Aspen Creek, located at 1100 W Tucson St in Broken Arrow, OK. The asset type is multifamily, featuring 226,000 square feet and comprising 242 units. The loan amount secured for this property is $23,000,000, under a refinance loan type with a duration of 3 years, a fixed rate, and 18 months yield maintenance, with interest-only payments throughout.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Address: 1100 W Tucson St
• Market: Broken Arrow, OK
• Units: 242
• Square Footage: 226,000
• Lender: David Perlman - Thorofare Capital
• Landlord: Don Wenner - DLP Capital
• Occupancy Rate at Closing: 93.8%
• Site Size: 12.2 acres
• Number of Residential Buildings: 17
• On-Site Parking: 430 spaces
• Attached Garages Rent: $135/month
• Carport Spaces Rent: $35/month
• Community Amenities: Saltwater pool, fitness center, dog run, and more

Key individuals in this transaction include David Perlman, representing Thorofare Capital as the lender, and Don Wenner, representing DLP Capital as the landlord. The property has features such as a pool equipment storage building and additional on-site amenities including a fitness center and community gathering areas, all contributing to its appeal and viability as a multifamily asset. Additionally, the property has recently maintained high occupancy levels, indicative of its demand in the market.