Updated Oct 28, 2024
Lument Provides $15.5M Loan For Multifamily Property On W Red Bird Ln, Dallas
3636 West Red Bird Lane, Dallas, TX 75237
$15,500,000
$178/SF
Building Size
86,854 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
About this deal
AI
A multifamily property located at 3636 W Red Bird Ln in Dallas has been involved in a recent transaction. The property consists of 252 units and is situated in the Dallas market. The transaction took place on 06/30/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Address: 3636 W Red Bird Ln
- Market: Dallas
- Units: 252
The lender for this transaction was lument''>Lument, represented by Chad Musgrove. The loan amount for the transaction was $15,500,000.
The multifamily loan at 3636 West Red Bird Lane, Dallas, TX 75237 in Dallas, Texas financed for $15.5M in 2020. Reported inventory is 86,854 square feet across 252 units, or about 178 per square foot. This page is the Dallas, Texas file for the 3636 West Red Bird Lane, Dallas, TX 75237 multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else financed near 3636 West Red Bird Lane, Dallas, TX 75237 around 2020. Published consideration for 3636 West Red Bird Lane, Dallas, TX 75237 is $15.5M, dated 2020. Cite this Lument Provides $15.5M Loan For Multifamily Property On W Red Bird Ln, Dallas loan when underwriting similar multifamily product around Dallas, Texas.
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93