FINANCEDMultiFamily
Meridian Capital Group Brokers Secure $35M Bridge Loan For Downtown Dallas Multifamily Property
Downtown, Dallas, Texas, United States
$35,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 20, 2022
AI
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.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93