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1842 El Capitan Drive, Dall...

Raj Guntnur Secures $14.1M Bridge Loan For Multifamily Property In Dallas
FINANCEDMultiFamily

Raj Guntnur Secures $14.1M Bridge Loan For Multifamily Property In Dallas

1842 El Capitan Drive, Dallas, TX, USA

$14,100,000

$215/SF

Building Size

65,587 SF

Asset Type

MultiFamily

Closing

Aug 9, 2021

AI

The multifamily property located at 1842 El Capitan Dr in Dallas has recently undergone a closed transaction. The loan for this property was provided by The Bancorp Bank.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $14,100,000
  • Loan Type: Bridge
  • Loan Terms: Non-Recourse Bridge 77% LTC

The property's landlord is Raj Guntnur. The loan brokers involved in this deal were John Brickson from Old Capital and Matt Waskow & Pete Hartnett from Rowan Multifamily Advisors.

Players

John Brickson

Broker

$310M

vol

21 deals

Broker
The Bancorp Bank
The Bancorp BankLender

Raj Guntnur

Landlord

$54.6M

vol

4 deals

Landlord

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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93