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
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