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2702 North Judge Ely Boulevard

Eastman Residential Secures $14.1 Million Acquisition Loan For The Arch At Abilene Multifamily
FINANCEDMultiFamily

Eastman Residential Secures $14.1 Million Acquisition Loan For The Arch At Abilene Multifamily

2702 North Judge Ely Boulevard

$30,000,000

Building Size

Asset Type

MultiFamily

Closing

Sep 14, 2025

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.

Players

Alex Staikos

JLL

Broker

$4.5B

vol

33 deals

Broker
JLL
JLLBrokerage

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