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1810 John West Rd, Dallas, ...

JAG Acquisitions LLC Secures $11M Loan For Dallas Multifamily Property
FINANCEDMultiFamily

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

James Flynn

Lument

Broker

$226.1M

vol

8 deals

Broker
HC
Hunt Real Estate CapitalBuyer

James Flynn

Hunt Real Estate Capital

Lender

$226.1M

vol

8 deals

Lender

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