facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Loan

/

7526 Hunnicut Rd, Dallas, T...

Harbor Group International Provides $12.7M Acquisition Loan For Dallas Multifamily Property
FINANCEDMultiFamily

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

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.

Players

John Brickson

Broker

$310M

vol

21 deals

Broker
Harbor Group International
Harbor Group InternationalLender

Raj Guntnur

Landlord

$54.6M

vol

4 deals

Landlord

Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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