Trevian Capital Provides $10.75M Bridge Loan For Dallas Multifamily Property
9302 Beck Avenue
$10,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 1, 2024
AI
The multifamily property located at 9302 Beck Avenue in Dallas, consisting of 148 units, was involved in a loan transaction. The loan, amounting to $10,750,000, was provided as a Bridge Loan by Trevian Capital. The transaction was facilitated by Asher Samberg and Michael Wyne from GPARENCY.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,750,000
- Address: 9302 Beck Avenue
- Market: Dallas
- Asset Type: Multifamily
- Units: 148
- Lender: Trevian Capital
- Brokers: Asher Samberg & Michael Wyne - GPARENCY
- Loan Type: Bridge Loan
Asher Samberg and Michael Wyne from GPARENCY played crucial roles as the brokers in this transaction, representing the parties involved in securing the Bridge Loan for the multifamily property at 9302 Beck Avenue in Dallas.
Players
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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93