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
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