Updated Oct 29, 2024
Broadshore Capital Provides $31.2M Loan For Multifamily Property In Burleson
5301 Northwest Tarrant Avenue, Burleson, TX, USA
$31,200,000
$20,594/SF
Building Size
1,515 SF
Asset Type
MultiFamily
Closing
Jan 27, 2021
About this deal
AI
The multifamily property located at 5301 N. Tarrant Parkway in Burleson has been involved in a closed transaction. The property consists of 217 units and was sold by Sovereign Properties. The transaction was facilitated by the brokerage firm JLL, with Greg Nalbandian representing the seller. The loan for this transaction was provided by Broadshore Capital, with Chris Miller as the lender. The loan amount for the transaction was $31,200,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,200,000
- Units: 217
- Address: 5301 N. Tarrant Parkway, Burleson
- Market: Burleson
Greg Nalbandian from JLL played a key role in representing Sovereign Properties, the seller in this transaction. Chris Miller, from Broadshore Capital, served as the lender for the loan.
On the Map
$31,200,000
$20,594/SF
MultiFamily
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Players
Burleson 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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93