Avid Realty Partners Acquires Multifamily Property In Dallas For $7.8M Loan
6008 Ridgecrest Road, Dallas, TX 75231, USA
$7,800,000
$10,626/SF
Building Size
734 SF
Asset Type
MultiFamily
Closing
Nov 8, 2021
AI
A multi-family property located at 6008 Ridgecrest Rd in Dallas has been recently involved in a closed transaction. The property consists of 213 units and was acquired by Avid Realty Partners.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Market: Dallas
Electra Capital provided the loan for this acquisition, with a loan amount of $7,800,000. The lender's representative, Sam Greenblatt, facilitated the loan process. Avid Realty Partners was represented by Craig Berger.
Players
Dallas 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93