Updated Oct 10, 2025
Eastman Residential Secures $14.1 Million Acquisition Loan For The Arch At Abilene Multifamily
2702 North Judge Ely Boulevard
$30,000,000
Units
192
Asset Type
MultiFamily
Closing
Sep 14, 2025
About this deal
AI
The Arch at Abilene is a multifamily asset located at 2702 North Judge Ely Boulevard in the Abilene market, comprising a total of 192 units. The property has secured a loan amounting to $14,100,000 for acquisition purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,100,000
- Landlord: Eastman Residential
- Brokers: Scott Aiese & Alex Staikos - JLL
- Loan Type: Acquisition
- Date of Transaction: 09/15/2025
Scott Aiese and Alex Staikos have represented the brokerage firm JLL in the deal, facilitating the acquisition of the property on behalf of the landlord, Eastman Residential.
On the Map
$30,000,000
MultiFamily
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Players
Abilene 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