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247 East Corporate Drive

Fannie Mae Multifamily Loan Secured For $29.7M In Lewisville, TX With JLL Brokers
FINANCEDMultiFamily

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

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

Michael Shmuely

JLL

Broker

$2.6B

vol

27 deals

Broker
Fannie Mae
Fannie MaeLender

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