Dwight Capital Provides $30.5M Bridge Loan For Senior Housing In Grand Prairie
2902 South Belt Line Road, Grand Prairie, Texas 75052, United States
$30,500,000
Building Size
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Asset Type
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Closing
Feb 21, 2022
AI
The senior housing property located at 2902 S Beltline Road in Grand Prairie has been recently involved in a closed transaction. This property spans 7.7 acres and consists of 154 units. The transaction took place on February 22, 2022.
Summary of transaction details
- Property Type: Senior Housing
- Transaction Amount: $30,500,000
- Address: 2902 S Beltline Road
- Market: Grand Prairie
- Units: 154
- Acres: 7.7
In this transaction, a bridge loan was secured from Dwight Capital, with Josh Sasouness representing the firm. The loan amount was $30,500,000.
Players
Grand Prairie CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93