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GVA Real Estate Group Secures $16.7M Loan For 272-Unit Multifamily Property In Dallas

Property Image
FINANCED
$16,700,000
Mike Canori
Jeff Kunitz
William Hubbard
+ 1

Texas

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MultiFamily68,840 SF
Financed 11/19/2020
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Property Image
FINANCED

GVA Real Estate Group Secures $16.7M Loan For 272-Unit Multifamily Property In Dallas

3402 South Buckner Boulevard, Dallas, TX 75227

See Similar Deals
MultiFamily68,840 SF
Financed 11/19/2020
Mike Canori
Jeff Kunitz
William Hubbard
+ 1
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$242
Total Square Footage:68,840 SF
Transaction Type:Loan

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

Chris Deuillet
CBRE
Chris Deuillet
21 deals$16.7M volume(972) 365-3291
BROKER
William Hubbard
Institutional Property Advisors
William Hubbard
28 deals$16.7M volume(214) 298-8355
BROKER
Jeff Kunitz
CBRE
Jeff Kunitz
7 deals$498.8M volume
BROKER
Mike Canori
CBRE
Mike Canori
6 deals$404.2M volume
BROKER

Details

FINANCED
IMAGE: Chris Deuillet, William Hubbard, Jeff Kunitz, & Mike Canori DATE: 11/19/2020 ADDRESS: 3402 S. Buckner Blvd MARKET: Dallas ASSET TYPE: Multifamily UNITS: 272 BORROWER: GVA Real Estate Group BROKER: Chris Deuillet, William Hubbard, Jeff Kunitz, & Mike Canori - CBRE LOAN AMOUNT: $16,700,000 LOAN TERM: 10-year loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,700,000.00

Monthly NOI$111,333.33
Monthly Debt Service$105,555.36
Change in Cash Flow$0.00
Refinance Proceeds$0.00