Electra Capital Acquires Multifamily Property In Dallas For $40M
704 Dale Lane, White Settlement, Texas 76108, United States
$40,000,000
Units
1,887
Asset Type
MultiFamily
Closing
Aug 22, 2022
AI
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.
Players
Fort Worth 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93