Updated Oct 28, 2024
Dwight Capital Refinances Multifamily Property In Denton For $25.8M
2700 East McKinney Street, Denton, TX 76209, USA
$25,800,000
$129/SF
Building Size
198,755 SF
Asset Type
MultiFamily
Closing
Nov 8, 2021
About this deal
AI
The multifamily property located at 2700 E McKinney St in Denton has undergone a refinancing transaction. This property consists of 217 units and is situated in the Denton market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $25,800,000
- Lender: Dwight Capital - Daniel Malka
- Loan Type: Refinance
Dwight Capital, represented by Daniel Malka, served as the lender for this refinancing deal. The loan amount for the transaction was $25,800,000. The refinancing enabled the property owner to optimize their financial situation and potentially take advantage of favorable market conditions.
Players
Denton 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
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93