Updated Mar 27, 2026
Blair Richardson Of Bow River Capital Acquires 589-Unit Madera At Leftbank Apartments In Fort Worth
600 Harrold Street
Units
589
Asset Type
MultiFamily
Closing
Mar 27, 2026
About this deal
AI
The property asset involved in the transaction is the 589-unit Madera at Leftbank Apartments, located at 600 Harrold Street in Fort Worth. The asset type is multifamily and was built in 2018, situated within the 1.5 million square foot Leftbank mixed-use development.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 589
- Buyer: Blair Richardson - Bow River Capital
- Broker: JLL
- Lender: Fannie Mae
Blair Richardson represented Bow River Capital in this acquisition, which was supported by a five-year fixed-rate loan from Fannie Mae. JLL Capital Markets represented the buyer in this transaction, ensuring the completion of the deal.
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MultiFamily
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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