Updated Mar 3, 2025
Lument Provides $34.7M Loan For Multifamily Acquisition In Duncanville, Dallas
600 Wembley Circle, Duncanville, Texas 75137, United States
$34,700,000
Units
122
Asset Type
MultiFamily
Closing
Sep 25, 2022
About this deal
AI
A 122-unit multifamily property located at 600 Wembley Cir in Duncanville, Dallas has been recently involved in a closed transaction. The property spans across 9 acres and was acquired through an acquisition loan. The transaction was facilitated by lument''>Lument, with Michael Curland representing the lending institution.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,700,000
- Address: 600 Wembley Cir, Duncanville, Dallas
- Market: Duncanville, Dallas
- Acres: 9
- Units: 122
As part of the acquisition loan, the borrower secured a financing of $34,700,000. The loan is structured as a 10-year term with a fixed interest rate. The amortization schedule spans over a 30-year period, with the first five years allowing for interest-only payments.
Players
Duncanville 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93