Matthew Bucaro & Garryn Laws Of Convoy Capital Provide $5.725M Bridge Loan For Amarillo Multifamily
1550 Bell Street
$5,725,000
$47/SF
Building Size
120,356 SF
Asset Type
MultiFamily
Closing
May 30, 2025
AI
The asset involved in this transaction is a multifamily property located at 1550 Bell Street in the Amarillo market. It consists of 168 units, encompassing a total square footage of 120,356. The loan amount secured for this property is $5,725,000, classified as a bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,725,000
- Address: 1550 Bell Street
- Market: Amarillo
- Units: 168
- Square Footage: 120,356
- Lender's Representatives: Matthew Bucaro & Garryn Laws - Convoy Capital
- Originations: Anthony Johnston - Archway Capital
- Loan Type: Bridge
This transaction highlights the key players involved in the deal, including Matthew Bucaro and Garryn Laws representing Convoy Capital as the lender's representatives and Anthony Johnston handling the originations through Archway Capital.
Players
Amarillo 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
2.77%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93