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GenWealth Capital Commercia...

Updated Mar 11, 2025

GenWealth CapCo Provides $3.7M Bridge Loan For Fort Worth Development Site
FINANCEDDevelopment Site

GenWealth CapCo Provides $3.7M Bridge Loan For Fort Worth Development Site

$3,689,135

$1/SF

Building Size

3,459,535 SF

Asset Type

Development Site

Closing

May 31, 2023

About this deal

AI

GenWealth CapCo has approved a 12-Month Term Loan at 60% Loan to Value (LTV) for the development of a multifamily property in Fort Worth. The loan amount is $3,689,135, and it is classified as a Bridge Loan. This financing will be used to support the construction of the development site, which is located in the Fort Worth market.

Summary of transation details

  • Property Type: Development Site
  • Loan Amount: $3,689,135
  • Loan Type: Bridge Loan
  • Loan Terms: 12-Month Term at 60% LTV
  • Lender: GenWealth CapCo

GenWealth CapCo played a crucial role in facilitating the loan agreement for the development site in Fort Worth. With their expertise in real estate lending, they were able to secure approval for the 12-Month Term Loan, based on a Loan to Value ratio of 60%. This initiative will enable the client to proceed with the planned construction of the multifamily property, further enhancing the residential options available in the Fort Worth market.

Players

GenWealth Capital Commercial
GenWealth Capital CommercialLender
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Market Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Deal FAQ

About $1 per square foot on a published $3.7M for 3,459,535 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.30%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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