Updated Dec 4, 2024
Barings Real Estate Provides $57.9M Loan For 294-Unit Multifamily Property On W Davis St In Dallas
111 West Davis Street, Dallas, TX, USA
$57,900,000
$1,324/SF
Building Size
43,700 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
The multifamily property located at 111 W Davis St in Dallas was recently involved in a closed transaction. The property consists of 294 units and played a significant role in the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $57,900,000
- Address: 111 W Davis St
- Market: Dallas
- Units: 294
The borrower in the transaction was Eric Barvin, representing himself in the deal. The lender involved was barings-4626a10b-91b9-4404-b096-d78fc90a0c26''>Barings Real Estate, with Mike Freno representing the company. They played pivotal roles in facilitating the loan for the transaction.
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93