Terrydale Capital's Chris Formichella Secures $5.1M Acquisition Loan For Dallas Multifamily

The multifamily property located at 5931 Ross Ave. & 6035-6059 La Vista Drive in Dallas has recently undergone a closed transaction. The property consists of 12 units and is situated in the Dallas market.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $5,100,000
• Date: 05/20/2022
• Broker: Chris Formichella - Terrydale Capital
• Loan Type: Acquisition Loan
• Loan Amount: $5,100,000

The transaction was facilitated by Chris Formichella of Terrydale Capital, who represented the buyer and seller in the deal. The acquisition loan for the property amounted to $5,100,000. This closed transaction demonstrates the continued investment activity in the Dallas multifamily market.