Updated Mar 11, 2025
Nova Capital's Steven Yazdani Secures $21.4M Loan For Gold Creek Apartments
704 Dale Ln, White Settlement, TX, 7...
$21,400,000
Units
255
Asset Type
MultiFamily
Closing
Nov 22, 2023
About this deal
AI
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.
On the Map
$21,400,000
MultiFamily
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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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93