AMAC Development Secures $34 Million Refinance Loan For Main & Mill Apartments In Lewisville
100 East Main Street
$34,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 6, 2025
AI
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.
Players
Lewisville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93