Beau Hale Of Pine Peak Partners Provides $9.3M Refinance Loan For Garland Multifamily Property
FINANCED
$9,300,000
Texas
See Similar DealsMultiFamily86,000 SF
Financed 11/15/2024
FINANCED
Beau Hale Of Pine Peak Partners Provides $9.3M Refinance Loan For Garland Multifamily Property
1900 West Kingsley Road
See Similar DealsMultiFamily86,000 SF
Financed 11/15/2024
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$108
Total Square Footage:86,000 SF
Transaction Type:Loan
The property at 1900 West Kingsley Road in Garland, comprising 122 multifamily units and totaling 86,000 square feet, has secured a refinance loan amounting to $9,300,000. The loan is structured for a term of 12 months.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $9,300,000
- Loan Type: Refinance
- Loan Terms: 12 Months
- Lender: Beau Hale - Pine Peak Partners
Beau Hale represents Pine Peak Partners in this transaction, facilitating the refinance process for the multifamily asset identified in the deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,300,000.00
Monthly NOI$62,000.00
Monthly Debt Service$58,782.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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