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
$1,825,000
$151/SF
Building Size
12,059 SF
Asset Type
Mixed-use
Closing
Feb 28, 2022
About this deal
AI
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.
On the Map
$1,825,000
$151/SF
Mixed-use
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Players
Fort Worth Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.69%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93