Updated Oct 28, 2024
Dwight Capital Closes $21M Refinance Loan For 240-Unit Multifamily Property In Amarillo
7628 S Soncy Rd, Amarillo, TX, USA
$21,000,000
Units
240
Asset Type
MultiFamily
Closing
Aug 16, 2021
About this deal
AI
A $21 million loan was secured for the refinancing of a multifamily asset in Amarillo. The property, located at 7628 S Soncy Rd, consists of 240 units. The loan was provided by Dwight Capital, represented by Daniel Malka.
Summary of transaction details:
- Property Type: Multifamily
- Loan Amount: $21,000,000
- Loan Type: Refinance
- Units: 240
- Lender: Dwight Capital - Daniel Malka
This transaction involved a multifamily property in Amarillo, consisting of 240 units. The property, located at 7628 S Soncy Rd, received a $21 million loan for refinancing. Dwight Capital, represented by Daniel Malka, provided the loan.
Players
Amarillo 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93