Meridian Capital Group Brokers Secure $35M Bridge Loan For Downtown Dallas Multifamily Property
FINANCED
$35,000,000
Texas
See Similar DealsMultiFamily
Financed 04/21/2022
FINANCED
Meridian Capital Group Brokers Secure $35M Bridge Loan For Downtown Dallas Multifamily Property
Downtown, Dallas, Texas, United States
See Similar DealsMultiFamily
Financed 04/21/2022
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Loan
In a recent transaction in Downtown Dallas, a multifamily property consisting of 200 units was sold. The deal was brokered by Jonathan Zilber and Hannah Howard from Meridian Capital Group.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $35,000,000
- Market: Downtown Dallas
- Units: 200
The transaction involved a bridge loan of $35,000,000. The loan was secured for the purchase of the multifamily property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,000,000.00
Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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