Updated Oct 28, 2024
Landmark Companies Secures $37.5M Construction Loan For 267-Unit Multifamily In Crowley
305 South Burleson Avenue, Mc Camey, TX, USA
$37,500,000
$57/SF
Building Size
649,044 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
About this deal
AI
The Multifamily property located at 305 Farm to Market Road in Crowley has been involved in a recent transaction. This property spans over 14.9 acres and consists of 267 units. The deal was facilitated by brokers Seth Grossman and Sarah Kuebler from Meridian Capital Group. The landlord for this property is Landmark Companies, and the lender in the transaction is Calmwater Capital.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $37,500,000
- Units: 267
- Acres: 14.9
- Landlord: Landmark Companies
- Lender: Calmwater Capital
- Brokers: Seth Grossman & Sarah Kuebler - Meridian Capital Group
The loan involved in this transaction is a construction loan with an amount of $37,500,000. This loan will contribute to the development and construction of the property.
Players
Mc Camey MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Sarah Kuebler to view all their deals.
Browse Texas multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93