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10928 Audelia Road

Updated Mar 11, 2025

Azul Multifamily DE Refinances Dallas Multifamily Property For $28.5M
FINANCEDMultiFamily

Azul Multifamily DE Refinances Dallas Multifamily Property For $28.5M

10928 Audelia Road

$28,500,000

Units

362

Asset Type

MultiFamily

Closing

Dec 19, 2022

About this deal

AI

The multifamily property located at 10928 Audelia Road in Dallas has recently undergone a refinancing loan transaction. The property spans over 9.28 acres and consists of 362 units. The loan amount for this transaction was $28,500,000, provided by Lightstone Capital and facilitated by Eugene Rozovsky. The borrower, Azul Multifamily DE, was represented by Jeff Amos. The broker involved in this deal was Thomas Wayda of Greystone.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $28,500,000
  • Units: 362
  • Acres: 9.28
  • Lender: Lightstone Capital - Eugene Rozovsky
  • Landlord: Azul Multifamily DE - Jeff Amos
  • Broker: Thomas Wayda - Greystone

This refinancing loan transaction showcases the collaboration between Lightstone Capital, Azul Multifamily DE's representative, Jeff Amos, and the broker, Thomas Wayda of Greystone. The successful outcome of this deal highlights the demand for multifamily properties in the Dallas market.

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$28,500,000

MultiFamily

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Players

Thomas Wayda

Greystone

Broker

$1.5B

vol

21 deals

Broker
Greystone
GreystoneBrokerage
Lightstone Group
Lightstone GroupLender
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Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $78.7K per unit across 362 units on a published $28.5M (2022).

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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

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