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
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.
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