RPM Living Secures $67.4 Million Bridge Loan From Greystone For Dallas Multifamily Asset
2500 Pepperwood Street
$67,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 4, 2026
AI
The asset involved in this transaction is a multifamily property located at 2500 Pepperwood Street in Dallas. The property consists of 444 units and is associated with a loan amount of $67,400,000, which is classified as a bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $67,400,000
- Address: 2500 Pepperwood Street
- Market: Dallas
- Lender: Greystone
- Borrower: RPM Living
- Originators: Richard Kourbage & Gillian McIlroy - Greystone
- Loan Type: Bridge
- Units: 444
The deal involves key participants including Greystone as the lender and RPM Living as the borrower. The transaction is facilitated by originators Richard Kourbage and Gillian McIlroy who represent Greystone in this arrangement.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93