Harbor Group International Provides $12.7M Acquisition Loan For Dallas Multifamily Property
FINANCED
$12,700,000
+ 1
Texas
See Similar DealsMultiFamily970 SF
Financed 11/04/2021
FINANCED
Harbor Group International Provides $12.7M Acquisition Loan For Dallas Multifamily Property
7526 Hunnicut Rd, Dallas, TX, USA
See Similar DealsMultiFamily970 SF
Financed 11/04/2021
+ 1
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$13,092
Total Square Footage:970 SF
Transaction Type:Loan
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.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,700,000.00
Monthly NOI$84,666.67
Monthly Debt Service$80,272.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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