FINANCED
The Bancorp Bank Provides $13M Bridge Loan For 158-Unit Multifamily Property In Fort Worth
1200 East Seminary Drive
MultiFamily
116,762 SF
116,762 SF
Financed 349 days ago
Summary
Loan
TEXAS
MultiFamily
116,762 sqft
The multifamily property located at 1200 East Seminary Drive in Fort Worth has recently been involved in a loan transaction. The property consists of 158 units with a total square footage of 116,762. The loan was provided by The Bancorp Bank in the amount of $13,020,000. It is a bridge loan with non-recourse terms and a fixed interest rate. The loan term is 3+1+1.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,020,000
- Units: 158
- Square Feet: 116,762
In this loan transaction, the lender, The Bancorp Bank, provided the necessary funds to the landlord, Harris Investment Group. The brokers involved in the deal were John Brickson from McKinney Realty Capital and Mark Allen from GREA.
Players
Details
FINANCED
IMAGE: John Brickson & Mark Allen
DATE: 05/17/2023
ADDRESS: 1200 East Seminary Drive
MARKET: Fort Worth
ASSET TYPE: Multifamily ~ UNITS: 158 ~ SF: 116,762
LENDER: The Bancorp Bank
LANDLORD: Harris Investment Group (@HarrisInvestmentGroup)
BROKERS: John Brickson (@Jbrickson) - McKinney Realty Capital & Mark Allen - GREA
LOAN AMOUNT: $13,020,000
LOAN TYPE: Bridge Loan
LOAN TERMS: Non-Recourse, fixed rate, 3+1+1View on map
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Address1200 East Seminary Drive
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