Avid Realty Partners Acquires Multifamily Property In Dallas For $7.8M Loan
FINANCED
$7,800,000
Texas
See Similar DealsMultiFamily734 SF
Financed 11/08/2021
FINANCED
Avid Realty Partners Acquires Multifamily Property In Dallas For $7.8M Loan
6008 Ridgecrest Road, Dallas, TX 75231, USA
See Similar DealsMultiFamily734 SF
Financed 11/08/2021
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$10,626
Total Square Footage:734 SF
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,800,000.00
Monthly NOI$52,000.00
Monthly Debt Service$49,301.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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