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2835 Villa Creek Dr, Farmer...

Blue Ocean Capital Acquires Villa Creek Apartments In Farmers Branch With Financing Arranged By CBRE's Givens And Siddall
FINANCEDMultiFamily

Blue Ocean Capital Acquires Villa Creek Apartments In Farmers Branch With Financing Arranged By CBRE's Givens And Siddall

2835 Villa Creek Dr, Farmers Branch...

Building Size

Asset Type

MultiFamily

Closing

Nov 22, 2023

AI

The 161-unit apartment complex located at 2835 Villa Creek Dr in Farmers Branch, Texas was recently sold by Darwin German Real Estate Investments. The property, built in 1965, consists of one- and two-bedroom units and was originally acquired by Darwin German in 2016 through an off-market transaction.

Summary of transation details:

William Givens and Robert Siddall, both from CBRE, were responsible for arranging the acquisition financing on behalf of the new ownership, adding financial expertise to the transaction. The buyer, Blue Ocean Capital LLC, based in Dallas, was represented by Chris Deuillet and William Hubbard of CBRE in the acquisition of Villa Creek.

Players

William Givens

CBRE

Broker

$13.1M

vol

4 deals

Broker
Uc
Unknown life insurance companyLender

Dallas 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93