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5151 Mansfield Highway

Sheridan Capital Provides $15,800,000 Acquisition Loan For 252-Unit Multifamily Asset In Forest Hill
FINANCEDMultiFamily

Sheridan Capital Provides $15,800,000 Acquisition Loan For 252-Unit Multifamily Asset In Forest Hill

5151 Mansfield Highway

$15,800,000

$64/SF

Building Size

246,423 SF

Asset Type

MultiFamily

Closing

May 13, 2026

AI

The property located at 5151 Mansfield Highway in Forest Hill is a multifamily asset comprising 252 units with a total square footage of 246,423. The acquisition loan amount for this property is $15,800,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,800,000
  • Address: 5151 Mansfield Highway
  • Market: Forest Hill
  • Lender: Sheridan Capital
  • Lender's Representative: Asher Bittman - Sheridan Capital
  • Loan Type: Acquisition

The transaction features Asher Bittman representing Sheridan Capital as the lender's representative. His involvement is crucial in facilitating the acquisition deal for the multifamily property in question.

Players

Asher Bittman

Sheridan Capital

Broker

$127.8M

vol

9 deals

Broker
Asher Bittman

Asher Bittman

Sheridan Capital

Lender

$127.8M

vol

9 deals

Lender

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

1.00%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93