Updated Oct 29, 2024
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
Arlington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Texas multifamily loans on Traded.
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