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Electra Capital Acquires Multifamily Property In Dallas For $40M

Property Image
FINANCED
$40,000,000

Texas

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MultiFamily
Financed 08/23/2022
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Property Image
FINANCED

Electra Capital Acquires Multifamily Property In Dallas For $40M

704 Dale Lane, White Settlement, Texas 76108, United States

See Similar Deals
MultiFamily
Financed 08/23/2022
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 704 Dale Ln. in Dallas has been involved in a recent transaction. The property consists of 1,888 units, making it a significant asset in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $40,000,000
  • Loan Amount: $40,000,000
  • Landlord: Electra Capital - Sam Greenblatt
  • Market: Dallas

In this transaction, Electra Capital, represented by Sam Greenblatt, served as the landlord for the property. As a major player in the real estate market, Electra Capital has facilitated this deal with a loan amount of $40,000,000.

Details

FINANCED
IMAGE: Sam Greenblatt DATE: 08/23/2022 ADDRESS: 704 Dale Ln. MARKET: Dallas ASSET TYPE: Multifamily ~ UNITS: 1,888 LANDLORD: Electra Capital - Sam Greenblatt LOAN AMOUNT: $40,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$40,000,000.00

Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00