Updated Oct 14, 2026
DGRE Secures $26.2M Loan For 270-Unit Multifamily Property In White Settlement
1300 Jim Wright Freeway, White Settlement, TX, USA
$26,235,000
$112/SF
Building Size
233,269 SF
Asset Type
MultiFamily
Closing
Dec 3, 2020
About this deal
AI
A multifamily property located at 1300 N. Jim Wright Freeway in White Settlement was recently involved in a loan transaction. The property consists of 270 units and is owned by DGRE. The loan was provided by Fannie Mae, with a loan amount of $26,235,000. The loan terms include a 12-year term with 4 years of interest-only payments.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,235,000
- Address: 1300 N. Jim Wright Freeway, White Settlement
- Market: White Settlement
- Units: 270
- Landlord: DGRE
- Lender: Fannie Mae
- Loan Terms: 12-year term, 4 years of interest-only payments
The loan transaction was facilitated by brokers John Brickson and Paul Peebles from Old Capital Lending. They represented the borrower in securing the loan from Fannie Mae.
On the Map
$26,235,000
$112/SF
MultiFamily
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Players
White Settlement 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93