Bellwether Enterprise Provides $12.2M Loan For Residential Property In Dallas
FINANCED
$12,200,000
Texas
See Similar DealsCo-Op1,374 SF
Financed 03/15/2021
FINANCED
Bellwether Enterprise Provides $12.2M Loan For Residential Property In Dallas
8350 Park Lane, Dallas, TX, USA
See Similar DealsCo-Op1,374 SF
Financed 03/15/2021
Summary
TEXAS
Asset Type:Co-Op
Price Per Square Foot:$8,879
Total Square Footage:1,374 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,200,000.00
Monthly NOI$81,333.33
Monthly Debt Service$77,112.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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