Updated Feb 16, 2024
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
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