Updated May 12, 2025
Southern Realty Trust Provides $46.5 Million Refinance Loan For Kairoi Residential's The Boheme In Dallas
1207 North Zang Boulevard
$46,500,000
Units
352
Asset Type
MultiFamily
Closing
Apr 3, 2025
About this deal
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.
On the Map
$46,500,000
MultiFamily
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Dallas MultiFamily Market Snapshot
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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