ZOM Living Secures $109M Refinance Deal For Atelier Dallas Multifamily Tower
1801 N Pearl St, Dallas, TX 75201, USA
$109,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 24, 2023
AI
ZOM Living has successfully secured a $109 million refinancing deal for Atelier Dallas, a 41-story residential tower located at 1801 North Pearl Street in Dallas. The property consists of 427 multifamily units and offers a variety of unit types. Atelier Dallas, currently 93% leased, is known for its high-quality assets and resort-style amenities. Additionally, the tower features prime retail space, adding to its appeal in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $109,000,000
- Address: 1801 North Pearl Street
- Market: Dallas
- Units: 427
Matthew Adler from ZOM Living represented the landlord in this refinancing deal. With his expertise, ZOM Living was able to secure favorable terms for the refinancing. This successful transaction further showcases ZOM Living's commitment to managing high-quality assets and ensuring positive recognition for their properties.
Players
Dallas 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93