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1842 El Capitan Drive, Dall...

Updated Feb 16, 2024

Bilt advertisement
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

About this deal

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.

The multifamily loan at 1842 El Capitan Drive, Dallas, TX, USA in Dallas, Texas financed for $14.1M in 2021. The building is 65,587 square feet, implying about 215 per square foot on the published price. Peter (Pete) Hartnett, Matt Waskow, John Brickson, Raj Guntnur appear on the loan alongside Rowan Multifamily Advisors. This page is the Dallas, Texas file for the 1842 El Capitan Drive, Dallas, TX, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else financed near 1842 El Capitan Drive, Dallas, TX, USA around 2021. Published consideration for 1842 El Capitan Drive, Dallas, TX, USA is $14.1M, dated 2021. Cite this Raj Guntnur Secures $14.1M Bridge Loan For Multifamily Property In Dallas loan when underwriting similar multifamily product around Dallas, Texas.

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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Deal FAQ

About $215 per square foot on a published $14.1M for 65,587 square feet (2021).

Visit Peter (Pete) Hartnett to view all their deals.

Browse Texas multifamily loans on Traded.

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

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