Updated Dec 4, 2024
Mike Becker, Sean Mabarak & Sean Callaway Of SPI Advisory Acquire 266-Unit Multifamily Property In Mansfield, TX
715 North Main Street
Units
266
Asset Type
MultiFamily
Closing
Dec 13, 2023
About this deal
AI
The multifamily property located at 715 North Main Street in Mansfield, TX has been sold in a recent transaction. The property consists of 266 units and was part of a sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: N/A
- Address: 715 North Main Street
- Market: Mansfield, TX
- Units: 266
The buyers of the property are Mike Becker, Sean Mabarak, and Sean Callaway from SPI Advisory. On the other side, the sellers include Richard Meyers, Tim Coltart, and Spencer Long from Realty Capital Residential, as well as Leo Peicher, David Lewin, and Ben Colonomos from PointOne Holdings.
Facilitating the deal were Grant Raymond, Asher Hall, Robert Stickel, and Alex Brown from Cushman & Wakefield acting as brokers.
On the Map
MultiFamily
View full map
Players
Mansfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Mansfield multifamily sales on Traded.
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