Bridge Provides $46.3M Loan For Multifamily Acquisition In Richardson, TX
FINANCED
$46,255,000
Texas
See Similar DealsMultiFamily374,212 SF
Financed 01/04/2022
FINANCED
Bridge Provides $46.3M Loan For Multifamily Acquisition In Richardson, TX
20220 Bellaire Boulevard, Richmond, Texas 77083, United States
See Similar DealsMultiFamily374,212 SF
Financed 01/04/2022
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:374,212 SF
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,255,000.00
Monthly NOI$308,366.67
Monthly Debt Service$292,363.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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