Updated Oct 29, 2024
AMCAL Equities, LLC Acquires 272-Unit Multifamily In Lewisville, TX With $43.2M Bridge Loan From Greystone
1595 South Old Orchard Lane, Lewisville, Texas 75067, United States
$43,238,800
Units
272
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
Located at 1595 S Old Orchard Ln in Lewisville, TX, this multifamily property consists of 272 units. The transaction involving this property took place on 11/15/2022.
Summary of Transation Details
- Property Type: Multifamily
- Transaction Date: 11/15/2022
- Address: 1595 S Old Orchard Ln
- Market: Lewisville, TX
- Units: 272
The lender for this transaction was Greystone, represented by Shana Daby. The landlord, AMCAL Equities, LLC, was represented by Stephen Clarke. The loan obtained for this property amounts to $43,238,800 and is classified as a bridge loan. It features a 35-year term and amortization, along with a low, fixed rate.
Players
Lewisville 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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93