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1900 Hi Line Drive, Dallas,...

BV Capital Acquires Multifamily Property In Dallas From Bill Hutchinson
SOLDMultiFamily

BV Capital Acquires Multifamily Property In Dallas From Bill Hutchinson

1900 Hi Line Drive, Dallas, Texas 75207, United States

Building Size

150 SF

Asset Type

MultiFamily

Closing

May 11, 2022

AI

Located at 1900 High Line Dr in Dallas, this multifamily property was recently sold in a closed transaction. The property consists of 214 units and spans 150 square feet. The transaction took place on May 12, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 1900 High Line Dr
  • Market: Dallas
  • Units: 214
  • Square Feet: 150

The buyer of this property was BV Capital, while the seller was Bill Hutchinson. The deal was facilitated by Hannah Howard and Jonathan Zilber, who represented the buyer and seller respectively. Hannah Howard and Jonathan Zilber worked together as representatives from the Meridian Capital Group to successfully close this transaction.

Players

Hannah Howard

Hannah Howard Advisory

Broker

$490M

vol

16 deals

Broker

Bill Hutchinson

Dunhill Partners

Seller

3 deals

Seller

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