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10928 Audelia Creek Boulevard

Lightstone Capital Provides $28.5M Bridge Loan For Multifamily Property In Dallas, TX
FINANCEDMultiFamily

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:

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

Thomas Wayda

Greystone

Broker

$1.5B

vol

21 deals

Broker
Greystone
GreystoneBrokerage
Lightstone Group
Lightstone GroupLender

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