Updated Oct 29, 2024
Bridgeview Multifamily Secures $22.9M Loan For Garland Multifamily Property
3232 North Garland Avenue, Garland, TX, USA
$22,900,000
$3/SF
Building Size
7,211,297 SF
Asset Type
MultiFamily
Closing
Dec 1, 2020
About this deal
AI
Located at 3232 N. Garland Avenue, this multifamily property in Garland consists of 147 units. The asset is owned by Bridgeview Multifamily and was involved in a recent loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,900,000
- Market: Garland
The lender for this transaction was greystone''>Greystone, represented by Stephen Rosenberg. The loan amount for the deal was $22,900,000. The loan transaction took place on 12/02/2020.
The multifamily loan at 3232 North Garland Avenue, Garland, TX, USA in Garland, Texas financed for $22.9M in 2020. Reported inventory is 7,211,297 square feet across 147 units, or about 3 per square foot. Greystone appears on the loan alongside Greystone. This page is the Garland, Texas file for the 3232 North Garland Avenue, Garland, TX, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Garland sit in the Market section below. Filter that Garland multifamily set by closing date to see what else financed near 3232 North Garland Avenue, Garland, TX, USA around 2020. Published consideration for 3232 North Garland Avenue, Garland, TX, USA is $22.9M, dated 2020. Cite this Bridgeview Multifamily Secures $22.9M Loan For Garland Multifamily Property loan when underwriting similar multifamily product around Garland, Texas.
Players
Garland 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93