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
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