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

Property Image
FINANCED
$16,838,500

Texas

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MultiFamily136,000 SF
Financed 08/11/2022
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Property Image
FINANCED

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

See Similar Deals
MultiFamily136,000 SF
Financed 08/11/2022
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$123
Total Square Footage:136,000 SF
Transaction Type:Loan

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
Steven Vegh
68 deals$2.5B volume(917) 715-8259
BROKER
Steven Vegh
Westwood Realty Associates
Steven Vegh
68 deals$2.5B volume(917) 715-8259
BROKER

Details

FINANCED
IMAGE: POST LOAN IMAGE: Steven Vegh DATE: 08/11/2022 ADDRESS: 442 S. St. Augustine Dr. MARKET: Dallas, TX ASSET TYPE: Multifamily ~ SF: 136,000 ~ UNITS: 165 BROKERS: Steven Vegh (@StevenVegh) - Westwood Realty Associates LOAN AMOUNT: $16,838,500 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,838,500.00

Monthly NOI$112,256.67
Monthly Debt Service$106,430.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00