GVA Real Estate Group Secures $16.7M Loan For 272-Unit Multifamily Property In Dallas
3402 South Buckner Boulevard, Dallas, TX 75227
$16,700,000
$242/SF
Building Size
68,840 SF
Asset Type
MultiFamily
Closing
Nov 18, 2020
AI
The multifamily property located at 3402 S. Buckner Blvd in Dallas has been involved in a recent transaction. The asset consists of 272 units and has been acquired by GVA Real Estate Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,700,000
- Loan Term: 10-year loan
The transaction was facilitated by CBRE brokers Chris Deuillet, William Hubbard, Jeff Kunitz, and Mike Canori. They represented GVA Real Estate Group in the deal. The loan amount of $16,700,000 was secured for a 10-year term.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93