IBorrow Provides $20M Loan For Multifamily Property In Dallas
FINANCED
$20,000,000
Texas
See Similar DealsMultiFamily
Financed 05/04/2022
FINANCED
IBorrow Provides $20M Loan For Multifamily Property In Dallas
4542 West Kiest Boulevard, Dallas, Texas 75236, United States
See Similar DealsMultiFamily
Financed 05/04/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 4542 W Kiest Blvd in Dallas. It consists of 232 units and has a loan amount of $20,000,000 secured from the lender, iBorrow, represented by Brian Good.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Market: Dallas
- Units: 232
- Lender: iBorrow
- Lender's Representative: Brian Good
- Date of Transaction: 05/04/2022
- Address: 4542 W Kiest Blvd
This transaction was facilitated by Brian Good, who acted on behalf of the lender, iBorrow, in securing financing for the multifamily property. The loan reflects the financial support provided for the acquisition and management of the 232-unit asset in the Dallas market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,000,000.00
Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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