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Southern Realty Trust Provides $46.5 Million Refinance Loan For Kairoi Residential's The Boheme In Dallas

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FINANCED
$46,500,000

Texas

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MultiFamily
Financed 04/03/2025
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Property Image
FINANCED

Southern Realty Trust Provides $46.5 Million Refinance Loan For Kairoi Residential's The Boheme In Dallas

1207 North Zang Boulevard

See Similar Deals
MultiFamily
Financed 04/03/2025
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The Boheme is a multifamily asset located at 1207 North Zang Boulevard in Dallas, comprising a total of 352 units. This eight-story apartment building was completed in 2023 and provides a range of studio, one-, and two-bedroom units. The property incorporates various amenities, including a rooftop pool, coworking lounge, and game lounge.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $46,500,000
  • Lender: Southern Realty Trust - Brian Sedrish
  • Landlord: Daniel Zunker - Kairoi Residential
  • Loan Type: Refinance
  • Assets: 352 units
  • Market: Dallas

Brian Sedrish represented Southern Realty Trust in the closing of this refinancing deal, while Daniel Zunker acted on behalf of Kairoi Residential as the landlord for The Boheme. The financing structure involves a $46.5 million loan as part of a larger $62 million senior loan to support the refinancing efforts for the apartment building.

Players

LENDER


Details

FINANCED
IMAGE: Brian Sedrish & Daniel Zunker DATE: 04/03/2025 ADDRESS: 1207 North Zang Boulevard MARKET: Dallas ASSET TYPE: Multifamily ~ UNITS: 352 LENDER: Southern Realty Trust - Brian Sedrish LANDLORD: Daniel Zunker - Kairoi Residential LOAN AMOUNT: $46,500,000 LOAN TYPE: Refinance NOTE: Sunrise Realty Trust provided $46.5 million in financing as part of a $62 million senior loan to refinance The Boheme, a 352-unit apartment building in Dallas owned by Kairoi Residential. The eight-story property, completed in 2023, features studio, one-, and two-bedroom units with amenities like a rooftop pool, coworking lounge, and game lounge.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$46,500,000.00

Monthly NOI$310,000.00
Monthly Debt Service$293,911.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00