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1700 Village East Drive
FINANCED

Lument Arranges $15.4M Bridge Loan For 133-Unit Denton Multifamily Property

1700 Village East Drive

MultiFamily
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Summary

Loan
TEXAS
MultiFamily

A bridge loan in the amount of $15,400,000 was secured for a multifamily property located at 1700 Village E. Dr. in Denton. The property consists of 133 units and sits on 6.9 acres of land. The loan was facilitated by Lument, a brokerage firm.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,400,000
  • Units: 133
  • Acres: 6.9
  • Loan Type: Bridge
  • Loan Terms: 3-year term with 12-month extension options & interest-only for the entire loan term
  • Broker: Lument

This bridge loan provides financing for the multifamily property at 1700 Village E. Dr. in Denton. The loan terms include a 3-year term with options to extend for an additional 12 months. The loan is interest-only for the entire term, allowing the borrower to manage cash flow effectively. Lument, a reputable brokerage firm, facilitated the loan transaction.

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James P. (Jim) Flynn's profile picture
James P. (Jim) Flynn
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Chief Executive Officer

Details

Deal Summary
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FINANCED
IMAGE: James Flynn DATE: 09/14/2022 ADDRESS: 1700 Village E. Dr. MARKET: Denton ASSET TYPE: Multifamily ~ UNITS: 133 ~ ACRES: 6.9 BROKER: Lument LOAN AMOUNT: $15,400,000 LOAN TYPE: Bridge LOAN TERMS: 3-year term with 12-month extension options & interest-only for the entire loan term

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Address1700 Village East Drive

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