Updated Dec 4, 2024
Beau Hale Of Pine Peak Partners Provides $9.3M Refinance Loan For Garland Multifamily Property
1900 West Kingsley Road
$9,300,000
$108/SF
Building Size
86,000 SF
Asset Type
MultiFamily
Closing
Nov 15, 2024
About this deal
AI
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.
On the Map
$9,300,000
$108/SF
MultiFamily
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Players
Garland 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93