Updated Oct 28, 2024
Dwight Capital Secures $45M Loan For 264-Unit Multifamily Property In Grand Prairie
3951 Dechman Dr, Grand Prairie, TX, USA
$45,000,000
$450/SF
Building Size
100,000 SF
Asset Type
MultiFamily
Closing
Jul 7, 2021
About this deal
AI
The multifamily property located at 3951 Dechman Dr in Grand Prairie has been involved in a recent closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,000,000
- Market: Grand Prairie
- Square Footage: 100,000
- Number of Units: 264
- Acres: 14.5
The lending for this transaction was provided by Dwight Capital, with Josh Sasouness as the representative.
No further information is available regarding the individuals or companies involved in this transaction.
The multifamily loan at 3951 Dechman Dr, Grand Prairie, TX, USA in Grand Prairie, Texas financed for $45M in 2021. Reported inventory is 100,000 square feet across 264 units, or about 450 per square foot. Named participants on the 3951 Dechman Dr, Grand Prairie, TX, USA loan are Josh Sasouness. This page is the Grand Prairie, Texas file for the 3951 Dechman Dr, Grand Prairie, TX, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Grand Prairie sit in the Market section below. Filter that Grand Prairie multifamily set by closing date to see what else financed near 3951 Dechman Dr, Grand Prairie, TX, USA around 2021. Published consideration for 3951 Dechman Dr, Grand Prairie, TX, USA is $45M, dated 2021. Cite this Dwight Capital Secures $45M Loan For 264-Unit Multifamily Property In Grand Prairie loan when underwriting similar multifamily product around Grand Prairie, Texas.
Players
Grand Prairie 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