Updated Feb 16, 2024
Urban Standard Capital Provides $9.5M Construction Loan For Dallas Multifamily Property
3911 North Hall Street, Dallas, TX, USA
$9,500,000
$241/SF
Building Size
39,374 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
About this deal
AI
A construction loan has been secured by Chesterfield Faring for a multifamily property located at 3911 North Hall Street in Dallas. The property spans over 39,374 square feet and consists of 20 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,500,000
- Address: 3911 North Hall Street, Dallas
- Market: Dallas
- Loan Type: Construction
The loan, provided by Urban Standard Capital, was facilitated by Seth Weissman, Charlie Brosens, Jeremy Plofker, and Bean. For all bridge and construction lending opportunities, Charlie can be reached at [email protected], and Jeremy can be reached at [email protected].
Players
Dallas 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93