Michael Squires Provides $138.3 Million Refinance Loan For Carbon Companies Multifamily Project In Frisco
FINANCED
$138,300,000
+ 2
Texas
See Similar DealsMultiFamily590,467 SF
Financed
FINANCED
Michael Squires Provides $138.3 Million Refinance Loan For Carbon Companies Multifamily Project In Frisco
15950 Paramount Way
See Similar DealsMultiFamily590,467 SF
Financed
+ 2
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$234
Total Square Footage:590467 SF
Transaction Type:Loan
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:
- Property Type: Multifamily
- Transaction Amount: $138,300,000
- Loan Type: Refinance
- Lender: Michael Squires
- Developer: Carbon Companies
- Address: 15950 Paramount Way
- Market: Frisco
- Units: 690
- Square Footage: 590,467
- Broker Representatives: Jay Miller, Aj Felberbaum, Gabe Stolar, Noah Rothman & Spencer Miller - BayBridge Real Estate Capital
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$138,300,000.00
Monthly NOI$922,000.00
Monthly Debt Service$874,150.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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