Updated May 12, 2025
Meridian Capital Group Represents Buyer In $23.5M Multifamily Loan At 1505 Homedale Dr, Fort Worth
1505 Homedale Drive, Fort Worth, TX 76112
$23,455,000
$106/SF
Building Size
220,922 SF
Asset Type
MultiFamily
Closing
Jun 17, 2020
About this deal
AI
The asset involved in this transaction is a multifamily property located at 1505 Homedale Dr in Fort Worth. The property secured a loan amount of $23,455,000 under an acquisition/purchase loan type.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $23,455,000
- Loan Type: Acquisition/ Purchase
- Buyer's Representatives: Hannah Howard & Jonathan Zilber - Meridian Capital Group
The key individuals facilitating this transaction include Hannah Howard and Jonathan Zilber, who represent the buyer through their agency, Meridian Capital Group, in this acquisition deal.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93