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1207 North Zang Boulevard

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

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

1207 North Zang Boulevard

$46,500,000

Building Size

Asset Type

MultiFamily

Closing

Apr 3, 2025

AI

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

Southern Realty Trust
Southern Realty TrustLender

Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.34%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93