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Eagle Property Capital Acquires 280-Unit Multifamily Property In Lewisville For $26.8M

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FINANCED
$26,798,000
Brad Williamson
Mitch Sinberg

Texas

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MultiFamily127,577 SF
Financed 03/18/2021
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FINANCED

Eagle Property Capital Acquires 280-Unit Multifamily Property In Lewisville For $26.8M

396 E Southwest Pkwy, Lewisville

See Similar Deals
MultiFamily127,577 SF
Financed 03/18/2021
Brad Williamson
Mitch Sinberg
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$210
Total Square Footage:127,577 SF
Transaction Type:Loan

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

Brad Williamson
Berkadia
Brad Williamson
107 deals$6.8B volume(786) 646-2580
BROKER
Mitch Sinberg
Berkadia
Mitch Sinberg
131 deals$8.3B volume(561) 609-4006
BROKER
Eagle Property Capital
Eagle Property Capital
LANDLORD

Details

FINANCED
IMAGE: Mitch Sinberg & Brad Williamson DATE: 03/18/2021 ADDRESS: 396 E Southwest Pkwy MARKET: Lewisville ASSET TYPE: Multifamily UNITS: 280 LANDLORD: Eagle Property Capital - Gerardo Mahuad BROKERS: Mitch Sinberg & Brad Williamson - Berkadia LOAN AMOUNT: $26,798,000 LOAN TERMS: 10-year, floating rate loans with 5 years IO

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,798,000.00

Monthly NOI$178,653.33
Monthly Debt Service$169,381.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00