Sheridan Capital Provides $7.93M Acquisition Loan For Multifamily Asset In Dallas
FINANCED
$7,925,000
Texas
See Similar DealsMultiFamily
Financed 05/01/2025
FINANCED
Sheridan Capital Provides $7.93M Acquisition Loan For Multifamily Asset In Dallas
12708 Schroeder Road
See Similar DealsMultiFamily
Financed 05/01/2025
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 12708 Schroeder Road in the Dallas market. The acquisition loan taken for this asset amounts to $7,925,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,925,000
- Lender: Sheridan Capital
- Lender's Representative: Asher Bittman
- Broker: Matthew Dzbanek
- Broker's Agency: Ariel Property Advisors
- Loan Type: Acquisition
In this transaction, Asher Bittman represented Sheridan Capital as the lender, while Matthew Dzbanek acted as the broker from Ariel Property Advisors, facilitating the loan for the acquisition of the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,925,000.00
Monthly NOI$52,833.33
Monthly Debt Service$50,091.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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