Arbor Realty Trust Provides $14.5M Bridge Loan For Fort Worth Multifamily Property With David Ohana
FINANCED
$14,550,000
Texas
See Similar DealsMultiFamily141 SF
Financed 09/13/2022
FINANCED
Arbor Realty Trust Provides $14.5M Bridge Loan For Fort Worth Multifamily Property With David Ohana
Fort Worth, Texas, United States
See Similar DealsMultiFamily141 SF
Financed 09/13/2022
Summary
TEXAS
Asset Type:MultiFamily
Price Per Square Foot:$103,191
Total Square Footage:141 SF
Transaction Type:Loan
A $14,550,000 bridge loan was secured for a multifamily property located in Fort Worth. The property spans 141,889 square feet and consists of 140 units. The loan was obtained from Arbor Realty Trust, with David Ohana serving as the lender's representative.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,550,000
- Square Footage: 141,889
- Number of Units: 140
- Market: Fort Worth
The deal was facilitated by David Ohana from Arbor Realty Trust. As the lender representative, Ohana played a crucial role in the loan process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,550,000.00
Monthly NOI$97,000.00
Monthly Debt Service$91,965.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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