Updated Dec 10, 2025
Mesa West Capital Provides $42M Loan For Perry Row Acquisition In Dallas By David Moore And Jon Winkelried
6044 East Lovers Lane
$42,000,000
Units
149
Asset Type
MultiFamily
Closing
Dec 9, 2025
About this deal
AI
The asset involved in this transaction is Perry Row, a 149-unit townhome community located at 6044 East Lovers Lane in Northeast Dallas. The property is classified as MultiFamily and has undergone an acquisition and renovation process funded by a loan amount of $42,000,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $42,000,000
- Lender: Mesa West Capital
- Landlord: David Moore - Knightvest Capital & Jon Winkelried - TPG
- Loan Type: First mortgage loan
- Loan Structure: Five-year, non-recourse
This transaction was arranged by JLL's Mark Brandenburg, who facilitated the loan that enables a comprehensive renovation of both the property’s exterior and interior units, reflecting the commitment to enhancing the living environment within the community.
On the Map
$42,000,000
MultiFamily
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Dallas MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93