Lightstone Capital Provides $28.5M Bridge Loan For Multifamily Property In Dallas, TX
10928 Audelia Creek Boulevard
$28,500,000
$111/SF
Building Size
256,584 SF
Asset Type
MultiFamily
Closing
Dec 6, 2022
AI
The property involved in this transaction is a multifamily asset located at 10928 Audelia Creek Blvd in Dallas, TX. The total square footage of the property is 256,584, and it consists of 362 units. The loan amount secured for this asset is $28,500,000, classified as a bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $28,500,000
- Address: 10928 Audelia Creek Blvd
- Market: Dallas, TX
- Asset Size: 256,584 SF
- Units: 362
- Lender: Lightstone Capital
- Broker Representatives: Dan Sacks, Thomas Wayda & Harrison Drucker - Greystone
This transaction involves key representatives from Greystone, specifically Dan Sacks, Thomas Wayda, and Harrison Drucker, who facilitated the loan process for this multifamily property. Their roles were instrumental in securing the financing through Lightstone Capital for the property located at 10928 Audelia Creek Blvd.
Players
Dallas 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93