Sahara Equities Secures $123.6M Loan For 1,111-Unit Multifamily Portfolio In Dallas

The transaction involves a multifamily property portfolio consisting of four properties with a total of 1,111 units located in the Irving and Dallas markets. The properties included in this portfolio are Avalon 8801, 6500 South, Casa Bella Apartments, and Westwood Apartments. Sahara Equities, specifically Jas Kaur and Reddy Gandra, is the landlord associated with this portfolio. The loan amount for this financing is $123,600,000, secured under terms that feature fixed rates, five-year periods, and full-term interest-only payments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $123,600,000
• Landlord: Jas Kaur & Reddy Gandra - Sahara Equities
• Broker: Evan Hom - Lument
• Loan Terms: five-year terms, and full-term interest-only payments
• Market: Irving & Dallas
• Units: 1,111

Lument arranged the CMBS financing for this transaction, facilitating the loan for Sahara Equities’ portfolio of multifamily properties. Broker Evan Hom represents the financing efforts in this deal, ensuring the terms and structure were aligned with the client’s objectives, while also engaging with the properties involved in the transaction.