JAG Acquisitions LLC Secures $11M Loan For Dallas Multifamily Property
1810 John West Rd, Dallas, TX 75228, USA
$11,000,000
$154/SF
Building Size
71,254 SF
Asset Type
MultiFamily
Closing
Aug 2, 2020
AI
The multifamily property located at 1810 John West Road in Dallas has recently undergone a closed transaction. The property, known as Buckner Village Apartments, was built in 1972 and consists of 172 units. The loan amount for this transaction was $11,000,000, provided by Hunt Real Estate Capital. James Flynn from Hunt Real Estate Capital served as the lender for this deal. The loan terms included a fixed interest rate, a 12-year term, and two years of interest-only payments.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Address: 1810 John West Road, Dallas
- Market: Dallas
- Asset Type: Multifamily
- Borrower: JAG Acquisitions LLC
- Lender: Hunt Real Estate Capital – James Flynn
- Loan Terms: Fixed interest rate, 12-year term, two years of interest-only payments
- Units: 172
It's worth noting that Buckner Village Apartments is a well-established property in Dallas, offering a valuable investment opportunity for JAG Acquisitions LLC. The presence of experienced lenders like James Flynn from Hunt Real Estate Capital provides confidence in the successful execution of this transaction.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93