Updated Oct 29, 2024
Eagle Property Capital Acquires 280-Unit Multifamily Property In Lewisville For $26.8M
396 E Southwest Pkwy, Lewisville
$26,798,000
$210/SF
Building Size
127,577 SF
Asset Type
MultiFamily
Closing
Mar 17, 2021
About this deal
AI
Eagle Property Capital, led by Gerardo Mahuad, has secured a loan amount of $26,798,000 for a multifamily property located at 396 E Southwest Pkwy in Lewisville. The property consists of 280 units and was part of a closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,798,000
- Address: 396 E Southwest Pkwy
- Market: Lewisville
- Units: 280
The loan, which was obtained on March 18, 2021, features a 10-year term and a floating interest rate. During the first five years, the loan will have interest-only payments.
Mitch Sinberg and Brad Williamson, representing Berkadia, served as the brokers for this transaction.
Players
Lewisville 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93