Updated Dec 20, 2023
Railfield Partners Secures $17.9M Loan For Fort Worth Multifamily Property
500 West Loop 820 South, Fort Worth, TX, USA
$17,850,000
$14,223/SF
Building Size
1,255 SF
Asset Type
MultiFamily
Closing
Oct 1, 2020
About this deal
AI
500 W. Loop 820 S. in Fort Worth has been acquired by Railfield Partners. The property is a multifamily asset consisting of 324 units. The transaction took place on 10/02/2020, with a loan amount of $17,850,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,850,000
- Market: Fort Worth
- Borrower: Railfield Partners
- Loan Type: 10-year, floating-rate loan
- Interest Terms: Full-term interest-only payments
- Interest Rate: Below 2.5%
The loan for this property was brokered by Stuart Wernick and Matt Newton of Walker & Dunlop. The 10-year, floating-rate loan was structured with full-term interest-only payments at a rate below 2.5%.
Players
Fort Worth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93