Paul Sween Of Dominium Acquires Land In Terrell Texas For Affordable Townhome Development
1010 Rosehill Road
Units
250
Asset Type
Land
Closing
Sep 1, 2026
About this deal
AI
The transaction involved land located at 1010 Rose Hill Road in Terrell, Texas. The asset is designated for a 250-unit affordable townhome development, which marks a significant expansion for the acquiring company in the state of Texas.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: Not specified
- Buyer: Paul Sween
- Buyer's Company: Dominium
- Location: Terrell, TX
- Development Project: 250-unit affordable townhome project
Dominium will develop the Terrell Family Apartments, which will feature two-, three-, and four-bedroom homes. This development will utilize the Section 42 LIHTC program aiming to provide affordable housing for families within the Dallas-Fort Worth metro area.
On the Map
Land
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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