The Lake Lofts Sold In Dallas Multifamily Sale Brokered By Guillermo Gameros
2777 North Buckner Boulevard
Building Size
—
Asset Type
MultiFamily
Closing
Jan 5, 2026
AI
The Lake Lofts, a multifamily asset located at 2777 North Buckner Boulevard in Dallas, consists of 386 units and was built in the 1960s. The transaction involved navigating a Fannie Mae loan assumption and included fire-damaged buildings that required demolition prior to closing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 386
- Address: 2777 North Buckner Boulevard
- Market: Dallas
Guillermo Gameros from The Multifamily Group represented the seller in this transaction. The sale marked the largest 1960s-era multifamily deal in the DFW metroplex over the preceding 18 months.
Players
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