Updated Feb 16, 2024
Regions Bank Provides $50 Million Loan For 315-Unit Multifamily Property In Dallas
200 West Commerce Street, Dallas, Texas 75208, United States
$50,000,000
Units
315
Asset Type
MultiFamily
Closing
Sep 11, 2022
About this deal
AI
Located at 200 West Commerce St. in Dallas, this multifamily property was involved in a closed transaction. The property consists of 315 units and the loan amount for this deal was $50,000,000. The lender in this transaction was Regions Bank, and the landlord is David Handmaker.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Units: 315
In addition to the loan and property details mentioned above, it is important to note that David Handmaker served as the landlord in this transaction, while Regions Bank acted as the lender.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93