Dwight Capital Secures $45M Loan For 264-Unit Multifamily Property In Grand Prairie
FINANCED
$45,000,000
Texas
See Similar DealsMultiFamily100,000 SF
Financed 07/08/2021
FINANCED
Dwight Capital Secures $45M Loan For 264-Unit Multifamily Property In Grand Prairie
3951 Dechman Dr, Grand Prairie, TX, USA
See Similar DealsMultiFamily100,000 SF
Financed 07/08/2021
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:100,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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