Updated Aug 21, 2025
Paul Cheng Of USAI Investments Secures $97.5 Million Loan From University Place Asset Management
3555 Dickason Avenue
$97,500,000
$883/SF
Building Size
110,421 SF
Asset Type
Development Site
Closing
Aug 3, 2025
About this deal
AI
The property involved in this transaction is a development site located at 3555 Dickason Avenue in the Dallas market. The asset encompasses a total of 110,421 square feet and is associated with a loan amount of $97,500,000, classified as recapitalization/construction financing.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $97,500,000
- Address: 3555 Dickason Avenue
- Market: Dallas
- Asset Size: 110,421 SF
- Lender: University Place Asset Management
- Landlord: Paul Cheng - USAI Investments
- Broker Representatives: Robert Rubano, Steven Sperandio & Christopher Moyer - Cushman & Wakefield
Key individuals involved in this transaction include Paul Cheng, who is the landlord representing USAI Investments. The lending is managed by University Place Asset Management, while the brokerage services are provided by Robert Rubano, Steven Sperandio, and Christopher Moyer from Cushman & Wakefield.
On the Map
$97,500,000
$883/SF
Development Site
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Players
Dallas Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93