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HASTA Capital Acquires Multifamily Property In Dallas For $56.1M Loan

Property Image
FINANCED
$56,100,000

Texas

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MultiFamily174,741 SF
Financed 07/29/2020
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Property Image
FINANCED

HASTA Capital Acquires Multifamily Property In Dallas For $56.1M Loan

3000 Blackburn Street, Dallas, TX, USA

See Similar Deals
MultiFamily174,741 SF
Financed 07/29/2020
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$321
Total Square Footage:174,741 SF
Transaction Type:Loan

HASTA Capital recently acquired a multifamily property located at 3000 Blackburn St in the Dallas market. This property consists of 218 units and was purchased for an undisclosed amount.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Undisclosed
  • Address: 3000 Blackburn St
  • Market: Dallas
  • Units: 218

Mark Hafner, representing HASTA Capital, acted as the landlord in this acquisition. The loan for this transaction was facilitated by Walker & Dunlop, a reputable brokerage firm in the industry. The loan amount totaled $56,100,000.

Details

FINANCED
IMAGE: Mark Hafner & Willy Walker DATE: 07/29/2021 ADDRESS: 3000 Blackburn St MARKET: Dallas ASSET TYPE: Multifamily UNITS: 218 LANDLORD: HASTA Capital - Mark Hafner BROKER: Walker & Dunlop LOAN AMOUNT: $56,100,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$56,100,000.00

Monthly NOI$374,000.00
Monthly Debt Service$354,590.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00