Updated Oct 29, 2024
KeyBank Real Estate Capital Provides $807.5M Loan For Multifamily Portfolio In Dallas, Fort Worth
5050 Pear Ridge Drive, Dallas, Texas 75287, United States
$807,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 20, 2023
About this deal
AI
NexPoint Residential Trust has secured a loan of $807,500,000 for the acquisition of multiple multifamily properties in Dallas, Fort Worth, Bedford, Richardson. The properties involved in the transaction are located at 5050 Pear Ridge Dr, 3900 Centreport Blvd, 2200 Forest Ridge Dr, 1111 Abrams Rd, 4900 Pear Ridge Rd, and 8651 Meadowbrook Blvd.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $807,500,000
- Lender: KeyBank Real Estate Capital - Commercial Mortgage Group (Christopher Black, Brendan O’Keefe, and Christopher Neil)
- Landlord: NexPoint Residential Trust
The loan was provided by KeyBank Real Estate Capital, specifically their Commercial Mortgage Group led by Christopher Black, Brendan O’Keefe, and Christopher Neil. NexPoint Residential Trust acted as the landlord in the deal.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93