Nova Capital's Steven Yazdani Secures $21.4M Loan For Gold Creek Apartments
FINANCED
$21,400,000
Texas
See Similar DealsMultiFamily
FINANCED
Nova Capital's Steven Yazdani Secures $21.4M Loan For Gold Creek Apartments
704 Dale Ln, White Settlement, TX, 7...
See Similar DealsMultiFamily
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
The Gold Creek Apartments is a 255-unit multifamily community known for its Class A property status. Located at 704 Dale Ln, White Settlement, TX, the apartment complex sits on 11.6 acres in Fort Worth. At the time of acquisition, the property was 97 percent occupied.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $21,400,000.00
- Address: 704 Dale Ln, White Settlement, TX
- Market: Fort Worth
Steven Yazdani of Los Angeles-based financial advisory firm Nova Capital represented Darwin German Real Estate in securing a $21.4 million Freddie Mac acquisition loan for the Gold Creek Apartments. Additionally, Darwin German will utilize $6 million in equity towards the acquisition.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,400,000.00
Monthly NOI$142,666.67
Monthly Debt Service$135,262.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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