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2500 Pepperwood Street

RPM Living Secures $67.4 Million Bridge Loan From Greystone For Dallas Multifamily Asset
FINANCEDMultiFamily

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:

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

Richard Kourbage

Originator

$256.2M

vol

5 deals

Originator

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