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AMAC Development Secures $34 Million Refinance Loan For Main & Mill Apartments In Lewisville
FINANCED
$34,000,000
Texas
See Similar DealsMultiFamily
Financed 02/06/2025
FINANCED
AMAC Development Secures $34 Million Refinance Loan For Main & Mill Apartments In Lewisville
100 East Main Street
See Similar DealsMultiFamily
Financed 02/06/2025
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 100 East Main Street, Lewisville, Texas. The property encompasses 203 units and includes retail space and modern amenities. The refinancing loan amount secured for this asset is $34,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,000,000
- Lender: Tom Burns - Affinius Capital
- Landlord: Maurice Kaufman - AMAC Development
- Broker: Lauren Kaufman - JLL
- Loan Type: Refinance
This transaction was facilitated by Lauren Kaufman, representing JLL. The loan was secured by AMAC Development for their newly completed Main & Mill Apartments project, marking a significant step in the advancement of multifamily housing in the Lewisville market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,000,000.00
Monthly NOI$226,666.67
Monthly Debt Service$214,903.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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