Updated Dec 21, 2023
Brian Eisendrath Of Marcus & Millichap Secures $75M Acquisition Loan For Frisco Multifamily Property
900 Gordon Heights Lane, Little Elm, Texas 75068, United States
$75,000,000
$184/SF
Building Size
406,229 SF
Asset Type
MultiFamily
Closing
Jun 26, 2022
About this deal
AI
A multifamily property located at 900 Gordon Heights Ln in Frisco has been involved in a recent transaction. The property consists of 345 units, making it a significant asset in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $75,000,000
- Loan Type: Acquisition Loan
- Loan Terms: Three years, interest-only
- Market: Frisco
The transaction was facilitated by Brian Eisendrath, the representative from Institutional Property Advisor at Marcus & Millichap. As the broker involved in the deal, Brian Eisendrath played a crucial role in the successful completion of the transaction.
Little Elm 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93