Dwight Capital Secures $34.3M Loan For 290-Unit Midland Multifamily
FINANCED
$34,300,000
Texas
See Similar DealsMultiFamily1,677 SF
Financed 06/01/2020
FINANCED
Dwight Capital Secures $34.3M Loan For 290-Unit Midland Multifamily
2818 West Loop 250 North, Midland, TX, USA
See Similar DealsMultiFamily1,677 SF
Financed 06/01/2020
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$20,453
Total Square Footage:1,677 SF
Transaction Type:Loan
Located at 2818 West Loop 250 North in Midland, this multifamily property spans across 15.5 acres and consists of 290 units. With a closed transaction date of 06/01/2021, the property was recently involved in a significant deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $34,300,000
- Lender: Dwight Capital - Adam Sasouness, Josh Sasouness & Brandon Baksh
The loan for this transaction was provided by Dwight Capital, with Adam Sasouness, Josh Sasouness, and Brandon Baksh representing the lending company. The loan amount granted for this deal was $34,300,000.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,300,000.00
Monthly NOI$228,666.67
Monthly Debt Service$216,799.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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