Updated Sep 9, 2024
Meridian Capital Group Brokers Secure $35M Bridge Loan For Downtown Dallas Multifamily Property
Downtown, Dallas, Texas, United States
$35,000,000
Units
200
Asset Type
MultiFamily
Closing
Apr 20, 2022
About this deal
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.
The multifamily loan at Downtown, Dallas, Texas, United States in Dallas, Texas financed for $35M in 2022. Reported inventory is 200 units across 200 units. Jonathan Zilber, Hannah Howard, Meridian Capital Group, Hannah Howard Advisory appear on the loan alongside Meridian Capital Group, Hannah Howard Advisory. This page is the Dallas, Texas file for the Downtown, Dallas, Texas, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Dallas sit in the Market section below. Filter that Dallas multifamily set by closing date to see what else financed near Downtown, Dallas, Texas, United States around 2022. Published consideration for Downtown, Dallas, Texas, United States is $35M, dated 2022. Cite this Meridian Capital Group Brokers Secure $35M Bridge Loan For Downtown Dallas Multifamily Property loan when underwriting similar multifamily product around Dallas, Texas.
On the Map
$35,000,000
MultiFamily
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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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93