HASTA Capital Acquires Multifamily Property In Dallas For $56.1M Loan
3000 Blackburn Street, Dallas, TX, USA
$56,100,000
$321/SF
Building Size
174,741 SF
Asset Type
MultiFamily
Closing
Jul 29, 2020
AI
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.
Players
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93