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2975 Blackburn Street

David Moore Of Knightvest Capital Secures $112 Million Loan For Ardan West Village In Dallas
FINANCEDMultiFamily

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

David Moore

Knightvest Capital

Landlord

$274.2M

vol

14 deals

Landlord

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

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93