Updated Mar 11, 2025
Harbor Group International Provides $12.7M Acquisition Loan For Dallas Multifamily Property
7526 Hunnicut Rd, Dallas, TX, USA
$12,700,000
$13,092/SF
Building Size
970 SF
Asset Type
MultiFamily
Closing
Nov 4, 2021
About this deal
AI
Raj Guntnur, the landlord, recently closed a multifamily property transaction in Dallas. Located at 7526 Hunnicut Rd, the property consists of 172 units. The acquisition loan for this transaction was provided by Harbor Group International for a non-recourse bridge term. The loan amount totaled $12,700,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,700,000
- Address: 7526 Hunnicut Rd
- Market: Dallas
- Units: 172
The broker representing the landlord, Raj Guntnur, was John Brickson from Old Capital. The seller was represented by Sean Reynolds and Jay Lohmann from Greystone ISG. This collaboration of individuals played key roles in the successful completion of the transaction.
On the Map
$12,700,000
$13,092/SF
MultiFamily
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Players
Dallas 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
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93