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14332 Montfort Dr, Dallas, ...

S2 Capital Acquires Multifamily Properties In Dallas, Allen, & Austin With NorthMarq Reps
SOLDMultiFamily

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

Philip Wiegand

NorthMarq

Broker

13 deals

Broker
S2 Capital
S2 CapitalBuyer

Dallas MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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