Fannie Mae Multifamily Loan Secured For $29.7M In Lewisville, TX With JLL Brokers
247 East Corporate Drive
$29,691,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 12, 2023
AI
The multifamily property located at 247 E Corporate Dr in Lewisville, TX has successfully secured a loan through Fannie Mae. The loan amount for this transaction is $29,691,000, and it is an Agency Lending loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,691,000
- Lender: Fannie Mae
- Brokers: Michael Shmuely, Michael Zaremski & John Flynn - JLL
JLL, represented by brokers Michael Shmuely, Michael Zaremski, and John Flynn, facilitated the loan transaction on behalf of the multifamily property. The deal was successfully completed with the support of Fannie Mae as the lender.
Players
Lewisville 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93