Updated Mar 11, 2025
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
About this deal
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.
The multifamily loan at 6008 Ridgecrest Road, Dallas, TX 75231, USA in Dallas, Texas financed for $7.8M in 2021. Reported inventory is 734 square feet across 213 units, or about 10.6K per square foot. Named participants on the 6008 Ridgecrest Road, Dallas, TX 75231, USA loan are Sam Greenblatt. This page is the Dallas, Texas file for the 6008 Ridgecrest Road, Dallas, TX 75231, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else financed near 6008 Ridgecrest Road, Dallas, TX 75231, USA around 2021. Published consideration for 6008 Ridgecrest Road, Dallas, TX 75231, USA is $7.8M, dated 2021. Cite this Avid Realty Partners Acquires Multifamily Property In Dallas For $7.8M Loan loan when underwriting similar multifamily product around Dallas, Texas.
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