facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Loan

/

4542 West Kiest Boulevard, ...

IBorrow Provides $20M Loan For Multifamily Property In Dallas
FINANCEDMultiFamily

IBorrow Provides $20M Loan For Multifamily Property In Dallas

4542 West Kiest Boulevard, Dallas, Texas 75236, United States

$20,000,000

Building Size

Asset Type

MultiFamily

Closing

May 3, 2022

AI

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.

Players

Brian Good

iBorrow

Lender

$172M

vol

8 deals

Lender
iBorrow
iBorrowLender

Dallas 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93