David Meytin Of Flatiron Realty Capital Funds $2.77M Construction Loan For Dallas Development Site

The transaction involves a development site in Dallas, with a loan amount of $2,766,000 funded by Flatiron Realty Capital. The borrower is acquiring existing structures that are approximately 80% complete, specifically targeting 16 townhomes to bring them to market. This construction loan is categorized as a fix-and-flip acquisition loan to aid the renovation and completion process.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $2,766,000
• Lender: David Meytin - Flatiron Realty Capital
• Loan Type: Construction
• Loan Terms: Fix and Flip Acquisition Loan
• Market: Dallas
• Number of Townhomes: 16
• Percentage of Completion: Approximately 80%

David Meytin, representing Flatiron Realty Capital, facilitated the funding for this transaction, marking the company's expansion into Texas. They have funded over $25,000,000 in the past few months and maintain a commitment of $200,000,000 dedicated to Texas projects. The financing includes acquisition funding alongside renovation proceeds to ensure timely completion of the development.