Barvin Group Secures $39.4M Loan For Dallas Multifamily Property With JLL Brokers
990 Singleton Boulevard, Dallas, TX, USA
$39,400,000
$121,604/SF
Building Size
324 SF
Asset Type
MultiFamily
Closing
Nov 11, 2020
AI
The Barvin Group has secured a $39,400,000 loan for a multifamily property located at 990 Singleton Blvd in Dallas. The property consists of 324 units and is situated in the Dallas market.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $39,400,000
- Address: 990 Singleton Blvd
- Market: Dallas
- Units: 324
The loan terms for this transaction include a 10-year loan term. The loan was facilitated by brokers Susan Hill and Cortney Cole from JLL, representing the Barvin Group in the deal.
Players
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
0.40%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93