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9302 Beck Avenue

Trevian Capital Provides $10.75M Bridge Loan For Dallas Multifamily Property
FINANCEDMultiFamily

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:

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

Michael Wyne

GPARENCY

Broker

$172.5M

vol

6 deals

Broker
Trevian Capital
Trevian CapitalLender

Dallas 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

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93