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

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FINANCED
$28,500,000

Texas

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MultiFamily256,584 SF
Financed 12/06/2022
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FINANCED

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

10928 Audelia Creek Boulevard

See Similar Deals
MultiFamily256,584 SF
Financed 12/06/2022
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$111
Total Square Footage:256,584 SF
Transaction Type:Loan

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
21 deals$1.5B volume(917) 421-4534
BROKER

Dan Sacks
Greystone
13 deals$695.4M volume(646) 398-0628
BROKER

Harrison Drucker
Greystone
5 deals$270.2M volume(323) 378-7392
BROKER

Greystone
BROKERAGE


Details

FINANCED
IMAGE: Dan Sacks, Thomas Wayda & Harrison Drucker DATE: 12/06/2022 ADDRESS: 10928 Audelia Creek Blvd MARKET: Dallas, TX ASSET TYPE: Multifamily ~ SF: 256,584 ~ UNITS: 362 LENDER: Lightstone Capital (@Lightstone_Capital) BROKERS: Dan Sacks, Thomas Wayda & Harrison Drucker - Greystone (@Greystonecref) LOAN AMOUNT: $28,500,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$28,500,000.00

Monthly NOI$190,000.00
Monthly Debt Service$180,139.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00