Sy Dardashty Acquires Multifamily Property In Amarillo, TX With Lument As Lender For $3.76M
FINANCED
$3,759,000
Texas
See Similar DealsMultiFamily185,000 SF
Financed 04/01/2022
FINANCED
Sy Dardashty Acquires Multifamily Property In Amarillo, TX With Lument As Lender For $3.76M
1600 Dale Street
See Similar DealsMultiFamily185,000 SF
Financed 04/01/2022
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$20
Total Square Footage:185,000 SF
Transaction Type:Loan
The multifamily property located at 1600 Dale Street in Amarillo, TX has been involved in a recent loan transaction. The property spans over 185,000 square feet and is owned by Sy Dardashty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,759,000
- Address: 1600 Dale Street
- Market: Amarillo, TX
- Lender: Lument - Adam Abuaf
- Landlord: Sy Dardashty
- Broker: Jonathan Aghravi, Timothy Cox & Charles Han - JBA Equities
- Loan Type: Agency
- Loan Terms: 7 Years, Full term Interest Only at 3.5% Interest
The loan for this transaction was secured through Lument, with Adam Abuaf representing the lender. The brokerage team of Jonathan Aghravi, Timothy Cox, and Charles Han from JBA Equities facilitated the deal. The loan amount for this transaction was $3,759,000, and it falls under an agency loan type with a term of 7 years. The loan will be on an interest-only basis for the full term, with an interest rate of 3.5%.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,759,000.00
Monthly NOI$25,060.00
Monthly Debt Service$23,759.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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