S2 Capital Acquires Multifamily Properties In Dallas, Allen, & Austin With NorthMarq Reps
14332 Montfort Dr, Dallas, TX, USA
Building Size
75,088 SF
Asset Type
MultiFamily
Closing
Oct 11, 2021
AI
A multifamily property comprising 1,893 units located at 14332 Montfort Dr, 1090 W Exchange Pkwy, and 7655 Ranch Rd 620 N in Dallas, Allen, and Austin respectively, has been sold in a recent transaction. The sale was facilitated by the seller's representatives Taylor Snoddy, James Roberts, and Philip Wiegand from NorthMarq, while S2 Capital acted as the buyer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
Mortgage brokers Jeff Erxleben, Lauren Bresky, Kevin Leamy, and Loren Heikenfeld from NorthMarq were involved in securing the financing for the transaction.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93