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Red Oak Capital Closes $1.55M Loan For 1400 Cherry Holdings' Treehouse Apartments Acquisition

Property Image
FINANCED
$1,550,000
Nick Jans
TG
JM
+ 1

Texas

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MultiFamily
Financed 07/01/2025
the dealplayerscompscontact
Property Image
FINANCED

Red Oak Capital Closes $1.55M Loan For 1400 Cherry Holdings' Treehouse Apartments Acquisition

1400 Cherry Drive

See Similar Deals
MultiFamily
Financed 07/01/2025
Nick Jans
TG
JM
+ 1
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 1400 Cherry Drive in Arlington, TX, covering an area of 0.82 acres. The Treehouse Apartments, which are 93.5% occupied, received a bridge loan for $1,550,000 to facilitate their acquisition and lease-up.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Lender: Nick Jans, Thomas Gorski & James Myatt - Red Oak Capital Holdings
  • Landlord: 1400 Cherry Holdings, LLC
  • Broker: Andrew Russell - Lument
  • Loan Terms: non-recourse, interest-only

The deal involved key players in the financing of the property, with Red Oak Capital closing the bridge loan. This financial support will help 1400 Cherry Holdings stabilize the Treehouse Apartments before transitioning to Freddie Mac financing.

Players

Andrew Russell
Lument
Andrew Russell
1 deal$1.6M volume(214) 232-8330
BROKER
Lument
Lument
BROKERAGE
Nick Jans
Red Oak Capital Holdings
Nick Jans
4 deals$9.6M volume
LENDER
TG
Red Oak Capital Holdings
Thomas Gorski
6 deals$23.6M volume
LENDER
JM
Red Oak Capital Holdings
James Myatt
6 deals$23.6M volume
LENDER
Red Oak Capital Holdings
Red Oak Capital Holdings
LENDER

Details

FINANCED
IMAGE: Nick Jans, Thomas Gorski, James Myatt & Andrew Russell DATE: 07/01/2025 ADDRESS: 1400 Cherry Drive MARKET: Arlington ASSET TYPE: Multifamily ~ ACRES: 0.82 LENDER: Nick Jans, Thomas Gorski & James Myatt - Red Oak Capital Holdings LANDLORD: 1400 Cherry Holdings, LLC BROKER: Andrew Russell - Lument (@LumentCRE) LOAN AMOUNT: $1,550,000 LOAN TERMS: non-recourse, interest-only NOTE: Red Oak Capital closed a $1.55M bridge loan for 1400 Cherry Holdings' acquisition and lease-up of the 93.5% occupied Treehouse Apartments in Arlington, TX. The non-recourse loan, arranged by Lument, will support stabilization before transitioning to Freddie Mac financing.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,550,000.00

Monthly NOI$10,333.33
Monthly Debt Service$9,797.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00