Updated Oct 12, 2026
Square Mile Capital Management Provides $45.5M Loan For Denton Multifamily Property
3235 Heritage Trail, Denton, TX, USA
$45,500,000
$30,805/SF
Building Size
1,477 SF
Asset Type
MultiFamily
Closing
Mar 16, 2021
About this deal
AI
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,500,000
- Address: 3235 Heritage Trail, Denton
- Market: Denton
- Landlord: Seven Seas Holdings
- Lender: Square Mile Capital Management - Craig H. Solomon
- Broker: JLL
- Units: 300
The property involved in this transaction is a multifamily asset located at 3235 Heritage Trail in Denton. The transaction took place in Denton's market. The landlord of the property is Seven Seas Holdings. The lender responsible for providing the loan is Square Mile Capital Management, represented by Craig H. Solomon. JLL acted as the broker in this deal. The transaction amount for this loan was $45,500,000, and the property consists of 300 units.
On the Map
$45,500,000
$30,805/SF
MultiFamily
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Players
Denton 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93