Updated Oct 14, 2026
Sheridan Capital Provides $7.93M Acquisition Loan For Multifamily Asset In Dallas
12708 Schroeder Road
$7,925,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 30, 2025
About this deal
AI
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.
On the Map
$7,925,000
MultiFamily
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Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93