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15950 Paramount Way

Michael Squires Provides $138.3 Million Refinance Loan For Carbon Companies Multifamily Project In Frisco
FINANCEDMultiFamily

Michael Squires Provides $138.3 Million Refinance Loan For Carbon Companies Multifamily Project In Frisco

15950 Paramount Way

$138,300,000

$234/SF

Building Size

590,467 SF

Asset Type

MultiFamily

Closing

Oct 3, 2024

AI

The property asset involved in this transaction is a multifamily development located at 15950 Paramount Way in Frisco. The asset comprises 690 units and has a total square footage of 590,467. This transaction was a refinance, with a loan amount of $138,300,000.

Summary of transation details:

The deal involved key representation from BayBridge Real Estate Capital, with brokers Jay Miller, Aj Felberbaum, Gabe Stolar, Noah Rothman, and Spencer Miller acting on behalf of the developers. The financing was overseen by Michael Squires, who served as the lender for this substantial refinance transaction.

Players

Aj Felberbaum

BayBridge Real Estate Capital

Broker

$2.4B

vol

31 deals

Broker

Frisco 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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93