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NorthMarq Provides Loan For MultiFamily Property At 5454 Peterson Ln, Dallas

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Texas

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NorthMarq Provides Loan For MultiFamily Property At 5454 Peterson Ln, Dallas

5454 Peterson Ln, Dallas, TX, 75240

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MultiFamily
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The Verge Apartments is a 217-unit multifamily property located at 5454 Peterson Ln, Dallas, TX, 75240, within the Dallas market. Built in 1980, the complex offers studio, one-bedroom, and two-bedroom units with an average size of 700 square feet. It features amenities such as two pools, outdoor grilling and dining areas, a fitness center, a business center, and onsite laundry facilities.

Summary of transaction details:

In this transaction, Taylor Snoddy, Charles Hubbard, Eric Stockley, and Philip Wiegand represented the seller. Patrick Elliott and Lauren Bresky of NorthMarq arranged Freddie Mac acquisition financing on behalf of the buyer. Both parties involved in the transaction have requested anonymity.

Players

Lauren Bresky
8 deals$105.3M volume
BROKER

Patrick Elliott
NorthMarq
3 deals
BROKER

NorthMarq
LENDER

Details

FINANCED
IMAGE: 5454 Peterson Ln, Dallas, TX, 75240 MARKET: Dallas ASSET TYPE: MultiFamily BORROWER'S REP: Lauren Bresky(NorthMarq), Patrick Elliott(NorthMarq) LENDER: NorthMarq

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Debt Service Coverage Ratio (DSCR)

0.00x

Max Loan Amount

$0.00

Monthly NOI$0.00
Monthly Debt Service$0.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00