Updated Dec 20, 2023
Raj Guntnur Acquires Multifamily Property In Grand Prairie With Loan Amount Of $13.4M
417 West Tarrant Road, Grand Prairie, TX, USA
$13,400,000
$78/SF
Building Size
170,426 SF
Asset Type
MultiFamily
Closing
Dec 28, 2020
About this deal
AI
Raj Guntnur has recently completed a closed property transaction for a multifamily asset located at 417 W. Tarrant Road in Grand Prairie. The off-market sale was facilitated by Pete Hartnett and Matt Waskow of Rowan Multifamily Property Advisors, representing the sellers, while John Brickson of Old Capital acted as the buyers' representative. The transaction took place on 12/29/2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,400,000
- Loan Terms: Non-Recourse Bridge Loan at 75% LTC
- Address: 417 W. Tarrant Road, Grand Prairie
Although no further information is provided about the property itself, it is noteworthy that the acquisition involved a non-recourse bridge loan amounting to $13,400,000. The loan, securing 75% loan-to-cost ratio, facilitated the successful completion of the off-market sale.
On the Map
$13,400,000
$78/SF
MultiFamily
View full map
Players
Grand Prairie MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Peter (Pete) Hartnett to view all their deals.
Browse Texas multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93