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Azul Multifamily DE Refinances Dallas Multifamily Property For $28.5M

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FINANCED
$28,500,000

Texas

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MultiFamily
Financed 12/19/2022
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Property Image
FINANCED

Azul Multifamily DE Refinances Dallas Multifamily Property For $28.5M

10928 Audelia Road

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MultiFamily
Financed 12/19/2022
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

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.

Players

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

Greystone
BROKERAGE

Details

FINANCED
IMAGE: Thomas Wayda DATE: 12/19/2022 ADDRESS: 10928 Audelia Road MARKET: Dallas ASSET TYPE: Multifamily ~ UNITS: 362 ~ ACRES: 9.28 LENDER: Lightstone Capital (@Lightstone_Capital) - Eugene Rozovsky LANDLORD: Azul Multifamily DE - Jeff Amos BROKER: Thomas Wayda (@Waydat) - Greystone (@Greystonecref) LOAN AMOUNT: $28,500,000 LOAN TYPE: Refinancing Loan

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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