Eagle Property Capital Acquires 466-Unit Multifamily In Dallas With $49.6M Loan

The multifamily property located at 5930 Arapaho Road in Dallas has been involved in a recent loan transaction. The property spans over 16 acres and consists of 466 units, making it a significant asset in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $49,600,000
• Address: 5930 Arapaho Road, Dallas
• Market: Dallas
• Acres: 16
• Units: 466

The loan for this acquisition was provided by Benefit Street Partners, with Richard J. Byrne acting as the lender's representative. On the borrower's side, Eagle Property Capital, represented by Lawrence Kopping, secured the loan for the property.

The loan features a 30-year amortization schedule and a 10-year term, which includes a three-year interest-only period. The interest rate for the loan is set at 4.95 percent.