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502 Debbie Lane, Arlington,...

Updated Oct 29, 2024

Provident Realty Advisors Secures $8.7M Loan For Multifamily Property On 502 Debbie Lane, Arlington
FINANCEDMultiFamily

Provident Realty Advisors Secures $8.7M Loan For Multifamily Property On 502 Debbie Lane, Arlington

502 Debbie Lane, Arlington, TX, USA

$8,700,000

$11/SF

Building Size

740,520 SF

Asset Type

MultiFamily

Closing

Feb 15, 2021

About this deal

AI

The multifamily property located at 502 Debbie Lane in Arlington has been involved in a recent transaction. The loan for this property was provided by Trez Capital, with Grant Morrow representing the lender. The loan amount for this transaction was $8,700,000. The property consists of 331 units and spans across 17 acres.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,700,000
  • Address: 502 Debbie Lane
  • Market: Arlington

Provident Realty Advisors, who is the landlord of the property, also acted as the broker in this deal. Their representative played a crucial role in facilitating the transaction, working closely with all parties involved. The involvement of Provident Realty Advisors as both the landlord and the broker showcases their expertise in the real estate market.

Players

Trez Capital
Trez CapitalLender
Provident Realty Advisors
Provident Realty AdvisorsLandlord

Arlington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $11 per square foot on a published $8.7M for 740,520 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.82%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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