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1927 E Belt Line Rd, Carrol...

Updated Mar 11, 2025

Bilt advertisement
Phillip Bankhead Arranges Loan For Carrollton Park Village With Genworth Financial
FINANCEDCommercial

Phillip Bankhead Arranges Loan For Carrollton Park Village With Genworth Financial

1927 E Belt Line Rd, Carrollton, TX, 7...

Building Size

Asset Type

Commercial

Closing

Nov 22, 2023

About this deal

AI

Carrollton Park Village is a 110,000-square-foot shopping center located at 1927 E Belt Line Rd, Carrollton, TX, 75006. The property, built on 10 acres between 1965 and 1987, is home to tenants such as dd’s Discounts, Dollar General, and Hibbett Sporting Goods.

Summary of transation details:

Phillip Bankhead of NorthMarq acted as the borrower's representative in securing a permanent loan through Genworth Financial on behalf of the borrower, Vista Property Co. The loan carried a fixed interest rate, a 15-year term, and a 25-year amortization schedule.

Players

Phillip Bankhead

NorthMarq

Broker

1 deal

Broker
Genworth Financial
Genworth FinancialLender

Carrollton Commercial Market Snapshot

Boundary boundary · Commercial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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