Bellwether Enterprise Provides $13.1M Loan For Garland Multifamily Property
FINANCED
$13,115,000
Texas
See Similar DealsMultiFamily31,032 SF
Financed 09/17/2020
FINANCED
Bellwether Enterprise Provides $13.1M Loan For Garland Multifamily Property
705 W Avenue B, Garland, TX 75040, USA
See Similar DealsMultiFamily31,032 SF
Financed 09/17/2020
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$422
Total Square Footage:31,032 SF
Transaction Type:Loan
The multifamily property located at 705 West Avenue B in Garland has secured a loan worth $13,115,000. The lender for this transaction is Bellwether Enterprise Real Estate Capital LLC, represented by Phil Melton and Cindy Hannon.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,115,000
- Market: Garland
- Address: 705 West Avenue B
Phil Melton and Cindy Hannon from Bellwether Enterprise Real Estate Capital LLC acted as the lenders for this loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,115,000.00
Monthly NOI$87,433.33
Monthly Debt Service$82,895.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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