Updated Mar 11, 2025
Grandbridge's $9.3M Freddie Mac Loan Refinances The Ashton In Tyler, Texas
1717 Shiloh Rd, Tyler, TX, 75703
$9,300,000
Units
160
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
AI
The Ashton is a 160-unit apartment community located at 1717 Shiloh Rd, Tyler, TX, 75703. The property was built in 1979 and offers one-, two- and three-bedroom units. Grandbridge Real Estate Capital has provided a $9.3 million Freddie Mac loan for the refinancing of this multifamily asset in Tyler.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $9,300,000.00
- Market: Tyler
- Lender's Representative: Senior Vice President Finance (Bellwether Enterprise (BWE))
- Borrower: Unknown
Paul Harbor of Grandbridge originated the loan, which was structured with a fixed interest rate, 10-year term, and 10 years of interest-only payments. The Ashton's refinancing deal highlights the involvement of Grandbridge Real Estate Capital and the Senior Vice President Finance from Bellwether Enterprise (BWE) as the lender's representative.
On the Map
$9,300,000
MultiFamily
View full map
Players
Tyler MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93