Updated Feb 16, 2024
Resia Secures Construction Loan For Denton Multifamily Property
3130 Heritage Trail, Denton, Texas 76201, United States
Units
322
Asset Type
MultiFamily
Closing
Sep 5, 2022
About this deal
AI
The multifamily property located at 3130 Heritage Trail in Denton has been involved in a closed transaction. The property consists of 322 units and is situated in the Denton market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: N/A
- Units: 322
- Address: 3130 Heritage Trail
- Market: Denton
The lender for this transaction was Regions Bank, while the landlord is Resia. The loan type utilized for this deal was construction financing.
Traded’s record for 3130 Heritage Trail, Denton, Texas 76201, United States in Argyle, Texas covers a multifamily loan from 2022. Reported inventory is 322 units across 322 units. This page is the Argyle, Texas file for the 3130 Heritage Trail, Denton, Texas 76201, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Argyle sit in the Market section below. Filter that Argyle multifamily set by closing date to see what else financed near 3130 Heritage Trail, Denton, Texas 76201, United States around 2022. Cite this Resia Secures Construction Loan For Denton Multifamily Property loan when underwriting similar multifamily product around Argyle, Texas.
Players
Argyle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93