Bridge Provides $46.3M Loan For Multifamily Acquisition In Richardson, TX
20220 Bellaire Boulevard, Richmond, Texas 77083, United States
$46,255,000
$123/SF
Building Size
374,212 SF
Asset Type
MultiFamily
Closing
Jan 4, 2022
AI
The property asset involved in this transaction is a multifamily property located at 20220 Bellaire Blvd in Richardson, TX. The property has a total square footage of 374,212.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $46,255,000
- Address: 20220 Bellaire Blvd
- Market: Richardson, TX
The lender for this transaction is Bridge. The landlords of the property are Ian Djuric and Megan Hillis. The brokers involved in the deal are Hannah Howard and Jonathan Zilber from Meridian Capital Group.
This acquisition loan has a loan amount of $46,255,000. The loan terms are 3+1=1.
Players
Richmond 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93