facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Multifamily

/

Loan

/

312 Northeast Mcalister Road

Updated Feb 10, 2025

$17 Million Loan Secured For 312 Northeast Mcalister Road Multifamily In Burleson By Cornerstone Capital Financing
FINANCEDMultiFamily

$17 Million Loan Secured For 312 Northeast Mcalister Road Multifamily In Burleson By Cornerstone Capital Financing

312 Northeast Mcalister Road

$17,000,000

$156/SF

Building Size

108,930 SF

Asset Type

MultiFamily

Closing

Jan 31, 2025

About this deal

AI

The property involved in this transaction is a multifamily asset located at 312 Northeast Mcalister Road in Burleson. The asset consists of 144 units and encompasses a total square footage of 108,930. The transaction was supported by a loan amount of $17,000,000, which is categorized as an acquisition loan with specific terms set for a 24-month duration. The property was recorded as 70% occupied at the time of closing.

Summary of transaction details:

Key individuals involved in this transaction include Russell Nova, Principal at Cornerstone Capital Financing, and Igor Zakh, Operating Officer at the same firm. Both representatives worked closely with the ownership team to facilitate a timely closing in a challenging lending environment, demonstrating effective collaboration with legal and underwriting teams to address the complexities associated with the asset type and its occupancy status.

On the Map

Open live map

$17,000,000

$156/SF

MultiFamily

View full map

Players

Russell Nova

Cornerstone Capital Financing

Broker

$511.5M

vol

78 deals

Broker
Bilt advertisement

Burleson MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Deal FAQ

About $156 per square foot on a published $17M for 108,930 square feet (2025).

Visit Igor Zakh to view all their deals.

Browse Burleson multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets