Bellwether Enterprise Provides $12.2M Loan For Residential Property In Dallas
8350 Park Lane, Dallas, TX, USA
$12,200,000
$8,879/SF
Building Size
1,374 SF
Asset Type
Co-Op
Closing
Mar 14, 2021
About this deal
AI
On March 15, 2021, a residential property located at 8350 Park Lane in Dallas was the subject of a closed transaction. The property consists of 212 units and was involved in a loan deal.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $12,200,000
- Market: Dallas
- Lender: Bellwether Enterprise - Anthony Tarter
- Units: 212
Bellwether Enterprise, represented by Anthony Tarter, provided a loan amount of $12,200,000 for the residential property at 8350 Park Lane in Dallas. Anthony Tarter acted as the lender's representative in this transaction.
Players
Dallas Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93