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442 S St Augustine Drive

Westwood Realty Associates Secures $16.8M Bridge Loan For Multifamily Property At 442 S. St. Augustine Dr. In Dallas, TX
FINANCEDMultiFamily

Westwood Realty Associates Secures $16.8M Bridge Loan For Multifamily Property At 442 S. St. Augustine Dr. In Dallas, TX

442 S St Augustine Drive

$16,838,500

$123/SF

Building Size

136,000 SF

Asset Type

MultiFamily

Closing

Aug 11, 2022

AI

A multifamily property located at 442 S. St. Augustine Dr. in Dallas, TX has recently undergone a closed transaction. The property spans over an area of 136,000 square feet and consists of 165 units, making it a significant asset in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $16,838,500
  • Market: Dallas, TX

The deal was facilitated by Steven Vegh from Westwood Realty Associates, acting as the broker representing the parties involved. Vegh played a crucial role in ensuring the successful completion of the transaction.

This bridge loan, totaling $16,838,500, was utilized in the deal to facilitate the transaction for the multifamily property located at 442 S. St. Augustine Dr. in Dallas, TX.

Players

Steven Vegh

Westwood Realty Associates

Broker

$2.5B

vol

68 deals

Broker

Frisco MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93