facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Loan

/

1550 Bell Street

Matthew Bucaro & Garryn Laws Of Convoy Capital Provide $5.725M Bridge Loan For Amarillo Multifamily
FINANCEDMultiFamily

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

Matthew Bucaro

Convoy Capital

Broker

$304.3M

vol

12 deals

Broker
Convoy Capital
Convoy Capital Brokerage
Archway Capital
Archway CapitalOriginator

Amarillo MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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