Stormfield Capital Provides $1.8M Bridge Loan For Mixed-Use Property On Wingate St. In Fort Worth, TX
FINANCED
$1,825,000
Texas
See Similar DealsMixed-use12,059 SF
Financed 03/01/2022
FINANCED
Stormfield Capital Provides $1.8M Bridge Loan For Mixed-Use Property On Wingate St. In Fort Worth, TX
2712 Wingate Street, Fort Worth, Texas 76107, United States
See Similar DealsMixed-use12,059 SF
Financed 03/01/2022
Summary
TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$151
Total Square Footage:12,059 SF
Transaction Type:Loan
The mixed-use property located at 2712 Wingate St. in Fort Worth, TX has recently undergone a closed transaction. The property spans over 12,059 square feet and is situated in a vibrant market.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,825,000
- Loan Type: Bridge Loan
- Loan Terms: 1 Year Bridge
The loan for this transaction was provided by Stormfield Capital, with Kyle Shea acting as their representative. Glenn Froehlich is the landlord of the property, while Sage Usher from Leviathan Capital LLC represented the buyer, seller, landlord, or tenant during the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,825,000.00
Monthly NOI$12,166.67
Monthly Debt Service$11,535.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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