David Moore Of Knightvest Capital Secures $112 Million Loan For Ardan West Village In Dallas
2975 Blackburn Street
$112,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 6, 2026
AI
The Ardan West Village apartments, located at 2975 Blackburn Street in Dallas, is a multifamily property containing 389 units. This asset, built in 2018, has been rebranded as Ardan Apartments and features one- and two-bedroom units ranging from 678 to 1,630 square feet. The property offers various amenities including pools, a fitness center, a clubhouse, parking garage, and pet facilities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $112,000,000
- Units: 389
- Address: 2975 Blackburn Street, Dallas
- Landlord: David Moore - Knightvest Capital
Knightvest Capital secured financing for the acquisition of the property from Brookfield Properties. The pricing details of the deal remain undisclosed.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93